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How do you facilitate the digital transformation in a highly regulated sector like banking? Increasingly, banking, financial and insurance sectors have started using collaboration tools to conduct group meetings, steering group-level meetings, on-the-door experts, etc. These meetings are highly regulated. So what do you suggest for these kinds of environments?

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Daniel Ho | 2751 day ago

Not only banks but also certain pharmaceuticals, public sectors and the government segments are highly regulated. They actually have very strict data sovereignty rules whereby they require whatever information that is being shared in those meetings is stored locally in the country. So for industries like these, there are options for on-premise solutions or even private cloud solutions. Between the two, I would often recommend having atleast a private cloud solution. That way, you are not subjected to bandwidth and the network situations within your organization and the private cloud actually offers scalability, redundancy, network optimization, versatility and scalability in terms of bandwidth. So that satisfies both security stand-point and whether it is going to be on the public cloud or not and actually ensures data or information exchange is kept within your environment. At the same time, you can implement the applications with your users and have the peace of mind, knowing that the information that is going to be shared is safe within your own dedicated or private on-premise environment.

VIPUL KULSHRESTHA | 2750 day ago

What can CIOs do to change how they are viewed with digital transformation and how will the CIO work as the increasingly going popular role of CDO ?

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