8 Ways to use AI in BFSI
Share This Post Share on whatsapp Share on linkedin Share on twitter Share on facebook Share on telegram...
More Details
by Pratima Harigunani
The importance of having an Agile Infrastructure often sits forgotten in a corner, but you won’t be able to keep digitally savvy users pinned down on old furniture for too long anymore.
It is both fascinating and disconcerting – Consumer-side IT is now more savvy, future-forward and effortless than corporate IT today.
Just look at yourself as a customer. You have more connectivity options and bandwidth at your beck and call outside your workplace, in your car, in your home, and in your kitchen; than what your office accommodates. Have-to-be terms like 16 Mbps home broadband speeds and 3G/4G in smartphones has made ubiquitous connectivity a routine backdrop of everyday life and they are not some ‘wow’ factor anymore. Tablets, Smartphones and other consumer-held devices have become far more potent, staggeringly multi-faceted and empowering than traditional PCs .
So is the tale with Mobile apps – as a customer you can think ‘almost’ anything your mind or whims conjure up –eat, sleep, read, buy, date, work, research, network, whine- anything; and there’s an app that will massage your wishes.
Now just shift this life that is so full of comfort, and so equipped with technology and so immersive in last-mile answers, to another mise-en-scene. Nudge it towards your workplace and the sheer contrast and conspicuous vacuum will stare you in your eye. Why won’t you expect more from corporate IT when you are getting it manifold and augmented, that too so easily and unsolicited in your everyday life? Yes, that’s exactly what your employees and customers are struggling with–The Paradox of Tech-penetration.
Irony vs. Dichotomy
Fully-equipped on the other side of the office elevator, and inured to stay always-on, always-ready; your employees genuinely need a seamless experience and a versatile basket of choices. Even a second of latency or inconvenience can cost them a bout of impatience and disillusionment. When a zippy flock of e-commerce sites are pampering their softest, slightest thumb-moves; there is no way they are going to suffer the bureaucratic nightmare of IT consumption at their desks. They have become used to being constantly on and indulging in the ever-available. Old-school IT just won’t cut any acceptance here.
The days of nailing them around their desktops, or devices authorized by IT, are over. Same is the case with the process-bound, snail-paced and inhospitable subordination that IT has been putting them through. They want independence, speed, convenience, choice and agility. Not a request-sheet.
Overhauling the IT Infrastructure
In light of these brisk and unrelenting changes, it is more important than ever to consider upgrading your IT infrastructure. Demands of a new-age employee and customer can’t be ignored anymore. The IT infrastructure has to move up from the days of keeping the data center lights on to being a lighthouse. It’s now a precursor to actually differentiating your organization against competition. It is the fundamental element for tackling variations of technology and user expectations.
With that premise and acceptance, you need to ask some ruthless questions quickly enough:
Infrastructure – Same Road, New Wheels
Arguably, IT is now supposed to equip the disruptions that a business faces or embraces; and there is no way that innovative business models, or delightful user experiences can be accomplished with systems and thinking from another era.
Automation, flexibility, heterogeneity, re-engineering muscle, elasticity, adaptability and lean DNA are now the defining forces of IT infrastructures.
Example: Flash storage can do more than just gather real time data from social media or IoT, enabling you to act on it in real time by considerably reduces the latency associated with traditional spindle-based storage.
Or take the case of Hyper Converged Infrastructures wherein more compute, network, and storage is squeezed in lesser space and on-tap provisioning of the required resources happens quickly, without the suffering that accompanied those traditional, long procurement cycles.
Platforms are other such new-IT elements. They are now quintessentially crucial for any digital infrastructure, and allow legacy applications to seamlessly melt into new solutions by providing the required APIs.
At the same time, Network Upgrades are ensuring that your network is ready to handle the additional load of IoT and social media traffic and is not the bottleneck that deters new-IT’s advent. It is the new accelerator and catalyst for anything disruptive and futuristic you may want to try, without any fork-lifting.
Pause, fix the tyre
A good carpenter spends four hours in sharpening his axe and just one in actually cutting the wood. Conversely, a sloppy carpenter prefers to let things/axe be and ends up frustrated, exhausted, and disoriented.
Businesses today have to squeeze out those four hours in the form of a smart, swift, adaptable, and flexible IT infrastructure. Only then can they survive the onslaught of the digital breed and dream of bringing in a great new idea that nobody else thought of. In today’s digital age, ignoring technology is not only detrimental but, sometimes, lethal.
Besides considering an agile IT infrastructure, companies today must also relook at their adherence and refinement of processes that span an employee’s or customers’ experience. That also means sticking by dynamic compliance standards, no matter how tedious, and being sensitive to customer information, privacy and security.
It is a no- brainer that your customer and employee have moved many elevators ahead when it comes to the appetite for technology. Aligning your IT infrastructure as per their needs is not just a good decision. It’s the only decision to make if you want to stay around and get up to speed.
CyberMedia Research (CMR)
SKU: CMR-ADAS-28451
Share This Post Share on whatsapp Share on linkedin Share on twitter Share on facebook Share on telegram...
More DetailsShare This Post Share on whatsapp Share on linkedin Share on twitter Share on facebook Share on telegram...
More DetailsShare This Post Share on whatsapp Share on linkedin Share on twitter Share on facebook Share on telegram...
More DetailsComprehensive analysis and data-driven insights to help you navigate the evolving global market landscape.
Navigating enterprise AI transformation and ROI.
Explore
Mapping mobility technology, markets, and adoption.
Explore
Decoding consumers, markets, and technology dynamics.
Explore
Research for connected, resilient supply chains.
Explore
Strategic insights across cloud, infrastructure, and IT.
Explore
Strategic research across technology, connectivity, and markets.
Explore
Actionable intelligence on India’s small businesses.
Explore
Tracking markets, innovation, and demand shifts.
Explore
Welcome Back 👋
Sign in to access your account and continue where you left off.
Welcome aboard 🚀
Create your account to access everything you need.
newsletter subscription
Do you have a specific requirement to engage with a particular community? Then we’ll be glad to devise a custom program just for you. Please fill the form below and we’ll contact you as quickly as possible.
newsletter subscription
Get a curated mix of deep-dive research and real-time market signals.
See what’s next. Act with confidence. CMR combines market intelligence, strategic advisory, original research, and industry engagement to help organizations navigate change and accelerate growth.
Fill out the form below and we’ll connect our analyst
Access real-time industry intelligence, expert analysis and strategic insights to stay ahead of market shifts and competitive dynamics.
Expert guidance to help you navigate complex business challenges and accelerate your growth trajectory.
Leverage our deep industry knowledge to create high-impact marketing campaigns that resonate with your target audience.