How can India become an attractive data center destination?
Data centres played a pivotal role in the progression of digitisation in the Banking, Financial Services and Insurance (BFSI) sector. AI-powered identification of customers, video KYCs, chat solutions, video-based engagement tools, and more were introduced in the space. In this discussion, Mr. Mukesh Sharma (CTO, PaisaBazaar), Mr. Kersi Tavadia (CIO, BSE), Mr. Hemant Verma (CGM (IT), PNB), and Mr. Sanjay Motwani (Business Head, Le Grande Data Center Solutions) join us for an invigorating session on Data Centres in the BFSI space.
In light of the pandemic, people, as well as organisations, have realised the importance of information technology in our daily lives. IT has shifted from being an afterthought to having a pivotal role across industries. Projects that would have taken six months or a year were able to reach completion in just one month because of necessity, Mr. Mukesh Sharma said. In this article, we will take a look at reimagining BFSI through digital transformation and the challenges that might arise along the way.
Trends in Data Centres in BFSI
Key Challenges for Data Centres in BFSI
How can India Become an Attractive Data Center Destination?
According to Mr. Motwani, there needs to be a lot of demand for data centres, which India has. Furthermore, when setting up a data centre, you need land, connectivity and electricity. On these three fronts, India scores well. The challenges moving forward are upscaling the talent pool, creating a data ecosystem, and the need for easing regulatory policies. It will be interesting to see how it all plays out.
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