Tech adoption by companies is rising. As corporations are growing and more transactions are now being done digitally in real-time, adoption of cloud architecture is also growing. Microsoft CEO Satya Nadella terms cloud as a game changer and sees it as one of the six digital imperatives for companies.
Speaking at the Microsoft Leadership Summit in Mumbai, Nadella said we are still in a nascent stage of cloud adoption but there is tremendous momentum.
“Its been a pretty big game changer. We see tremendous momentum today when it comes to cloud adoption. The more and more I talk to my partners and customers here, I get excited about doing even the unique things that are happening in India using the cloud and that’s really a real departure from the previous era,” he told a gathering of top corporate executives, which included Infosys CEO Salil Parekh, S.N. Subrahmanyan the MD and CEO of Larsen & Toubro and Vishakha Mulye, CEO of Aditya Birla Capital among others.
Microsoft is expanding its data centre business in the country to cater to the rising demand. Last March, it had announced plans to set up its fourth data centre in Hyderabad. The Hyderabad datacenter region will be an addition to the existing network of three regions in India across Pune, Mumbai, and Chennai.
“We are adding a fourth region in Hyderabad. We are committed to making the cloud infrastructure available everywhere. Every factory, every warehouse, every hospital, every retail facility is going to need computing where data is getting generated. With Azure Arc, we are going to make sure that the cloud infrastructure gets truly embedded in the physical infrastructure,” said Nadella on Tuesday.
India’s largest private sector lender HDFC Bank on Tuesday announced a partnership with Microsoft, where in the bank will leverage Microsoft’s Azure cloud platform to consolidate and modernise its enterprise data landscape to scale up its information management capabilities, across enterprise reporting, and advanced analytics using artificial intelligence.
Yes Bank will also leverage Microsoft’s Azure platform to create its next generation mobile application. Using a cloud-native approach, the all-new app will run on Microsoft’s cloud platform and support it in scaling up various services by bringing merchants and ecosystem partners on a common platform, said the lender said.
Apart from cloud migration, unifying data and applying AI models as platforms, empowering fusion teams, re-energising workforce, embracing collaborative business process and prioritising security are digital imperatives for companies, said Nadella.
Stressing on cyber security, he said we have a “crisis”.
“Something like $6 trillion is lost today because of cyber threat and it is projected that $10 trillion will be lost by 2025. So, its a real epidemic,” pointed Nadella.