PodChats for FutureCIO: Futureproofing the enterprise’s modernisation journey

Activities like video conferencing, mobile work, cloud computing – all of these have been around well before the pandemic. Before anyone ever coined businesses have been undergoing transformation to reflect opportunities presented at the time. If what we mean by digital is the use of information technology, that too has been around for decades. What is different though is that in recent years, digital transformation brings initiatives and technologies to support an organisation’s effort to align people, process, and technology more closely towards the company’s core business objectives and future vision.One thing is clear for many organisations, digital business transformation is not a project or technology or initiative that can be implemented and the organisation moves on to the next. It is a journey that will evolve over time. With us today on PodChats for FutureCIO is Rajesh Nandakumar, head of Information technology, Westpac Institutional Bank Asia for his take how to futureproof an organisation’s modernisation strategy.1.       Given the responses of the Monetary Authority of Singapore, how do you see your organisation responding to measures to contain costs while adapting to evolving market conditions?2.       How will these impact your efforts around:a.       Legacy application modernization (including cloud migration)b.       Rollout of new applications3.       What are common issues you face in your software development cycle as well as software support?4.       Where do you see low-code application development making an impact in your organization? (i.e., will you look for increased business agility, faster time-to-market, cost savings, better customer support)a.       How will low-code drive your digital transformation and modernization efforts?b.       Where do you see the most impactful use cases for low-code development in financial services? (i.e., how do you see low-code development benefiting your organization most)c.       What kind of applications do you see low-code development most beneficial (e.g. cybersecurity, data modelling/analytics, work process automation, IoT/edge computing, e-commerce applications, mission-critical applications)d.       What challenges/barriers do you foresee from implementing low-code development in your organization?

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