Understanding the right technology is vital for a company’s digital transformation

DHANANJAY GANJOO Managing Director, India & SAARC F5

CLOUD TECHNOLOGY & WFH

This year will be a year of transition, with various sectors, particularly BFSI, exploring public cloud options. The need to innovate and compete with new market entrants are the primary motivators for banks and financial firms to adopt the cloud. It enables organizations to meet growing customer demands without sacrificing security or incurring the costs associated with legacy infrastructure. The financial services industry is rapidly moving beyond confined, legacy IT systems to take advantage of the cloud's agility and costefficiency. However, in order to take advantage of its power, speed, and flexibility, they must also be prepared to navigate the challenges of security, compliance, and compatibility.

ADOPTION OF HYBRID MULTICLOUD

AS OPERATING MODELS Cloud adoption accelerated in India during the pandemic, especially as enterprises adopted new technologies to address their needs. Multicloud adoption has emerged as a valuable cloud strategy that is enabling enterprises to become more agile so that they can scale up and down as needed and avoid vendor lock-in. Today, 22% of enterprises in India are using a multicloud environment, and that figure is expected to jump to 50% in the next two years. The key to adopting multi-cloud successfully is devising a strategy that factors in ROI and the total cost of ownership (TCO).

TECHNOLOGY COMPLEMENTING INDUSTRY NEEDS

In today’s time, understanding the right technology that meets your business requirements is complicated but also vital for a company’s digital transformation. It is necessary to make an informed decision to reap better benefits. Organizations are willing to use more than one cloud platform to avoid vendor lockin and diversify risk. Even the maintenance cost is much lower as organizations can choose to allocate among public, private, and thirdparty clouds. But it is also important for these organizations to devise a strategy before opting for multiple cloud services. Tech leaders are rooting towards the hybrid multi-cloud model as it could emerge as one of the biggest revolutions in the tech space.

INCREASE IN ENTERPRISE SPEND IN 2021

F5 adds significant capabilities beyond public cloud web application firewall (WAF) solutions. Using behavioural analytics, automated learning capabilities, dynamic profiling, and risk-based policies, F5 Advanced WAF puts additional security protections in place to prevent even the most sophisticated attacks from reaching the application servers. We also offer the highest levels of compliance to industry standards and regulations like PCI-DSS, Common Criteria, and FIPS 140-2. F5’s advanced app services provide the increased performance, visibility, and security that business-critical apps may require.