MAKING THE MOST OF THE CLOUD

The hybrid cloud model provides security, greater flexibility and optimises costs for organisations

- nidhi singal

India On The Cloud

Source: Research and Markets report

23.61 PER CENT

India cloud infrastructure market CAGR from 2019-2024

₹19,640 CRORE

Expected size of the Indian cloud infrastructure market by 2024

The Thiruvananthapuram-based Mut-hoot Pappachan Group, which has operations spanning financial services, alternative energy, IT services and precious metals, was looking to digitise its offerings by connecting its corporate offices and 4,700 branches. While it was fine with a third party managing the IT infrastructure, it wanted to keep some key functions in-house. It opted for a hybrid cloud — a solution that combines a private cloud with one or more public cloud services, with proprietary software enabling communication between each service, giving businesses greater control over data. “The cloud-based virtual desktop interface will be deployed for 26,000 employees across branches, resulting in net savings of ₹25 crore and over 30 per cent reduction in time to market new digital capabilities,” says Eugene Koshy, Chief Purpose Officer, Muthoot Pappachan Group. The project was carried out by UST Global, a US-based technology company.