Technology

A Successful Cloud Strategy Hinges on a Series of Smaller Conversations, says Info-Tech Research Group

Published

2 years ago

March 6, 2023

The key challenge in creating a cloud strategy is effectively using cloud technology, financial resources, and people while aligning with organizational goals.

TORONTO, March 6, 2023 /PRNewswire/ – For many organizations, transitioning to the cloud can be daunting, akin to shifting from office to remote work. While the cloud offers undeniable benefits, businesses must adjust to accommodate those changes, and the results may not always be equivalent. To help business and IT leaders prepare a consistent strategy for their cloud migration, global IT research and advisory firm Info-Tech Research Group has released a new blueprint, Document Your Cloud Strategy.

“The cloud is not a panacea; it will not solely solve all problems, but it can be an important tool in IT’s toolbox,” says Jeremy Roberts, research director at Info-Tech Research Group. “The key is to create a cloud strategy that aligns with organizational goals and optimizes cloud technology, financial resources, and personnel.”

While the benefits of formulating a coherent strategy are clear, Info-Tech highlights in the resource several obstacles that can make cloud execution difficult for teams. These obstacles include:

Inconsistent understanding of what the cloud meansInability to come to a consensus on key decisionsUngoverned decision makingUnclear understanding of cloud roles and responsibilities

Additionally, in any given organization, there are many different opinions on the best migration approach, and, in many cases, some departments may have already started the process without IT clearance.

Info-Tech acknowledges that although creating a cloud strategy may seem like a big project, it can be broken down into a series of smaller conversations. To facilitate those conversations, the firm recommends the following methodology, which is categorized into four main areas and includes a curated list of topics, prompts, participant lists, and sample outcomes:

Vision and Alignment: A cloud strategy flows from a cloud vision and should align with the broader IT strategy. It should also coexist seamlessly with other strategies, such as data and security.

Technology: Although it cannot solve all problems, technology can be a powerful tool and a force multiplier. However, organizations must design processes and train their people to leverage technology fully.

Governance: Focusing solely on governing a cloud deployment without considering the benefits for users and the organization will lead to frustration among end users. Therefore, it’s essential to articulate the expected benefits clearly to receive the necessary buy-in.

People: A cloud migration doesn’t have to be a great disruptor or cause chaos. When the transition is handled well, IT teams can focus their efforts on more valuable work, which is generally more engaging.

The firm advises that any organization considering the cloud must have a strategy to migrate successfully, as it will provide a systematic overview of cloud services, their appropriate use, and the steps needed to maximize value and minimize risk.

To learn more, download the complete Document Your Cloud Strategy blueprint.

For more about Info-Tech Research Group, visit infotech.com and connect via LinkedIn and Twitter

About Info-Tech Research Group

Info-Tech Research Group is one of the world’s leading information technology research and advisory firms, proudly serving over 30,000 IT professionals. The company produces unbiased and highly relevant research to help CIOs and IT leaders make strategic, timely, and well-informed decisions. For 25 years, Info-Tech has partnered closely with IT teams to provide them with everything they need, from actionable tools to analyst guidance, ensuring they deliver measurable results for their organizations.

Media professionals can register for unrestricted access to research across IT, HR, and software and over 200 IT and Industry analysts through the ITRG Media Insiders Program. To gain access, contact pr@infotech.com.

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SOURCE Info-Tech Research Group

Technology

Max Stock Limited Announces Change in Shares Held by an Interested Party

Published

25 seconds ago

November 24, 2024

CAESAREA, Israel, Nov. 24, 2024 /PRNewswire/ — Max Stock Limited (TASE: MAXO(; )the “Company”, “Max Stock“) today announced that on November 20th, 2024, Phoenix Financial Ltd. and Phoenix Investment House Ltd. (“Phoenix reporting group”), including their respective nostro account, provident funds and provident fund management companies, as well as mutual fund management companies and market maker sub entities, informed the Company that they had sold shares of the Company thereby lowering their joint holdings to 4.8% of the Company’s issued capital (4.15% and 0.65% respectively). As a result, Phoenix reporting group will no longer be an interested party in the Company.

This is an English translation of segments of a Hebrew immediate report that was published on November 24, 2024 (Ref. No: 2024-01-618032) (hereinafter: the “Hebrew Version”). This English version is only for convenience purposes. This is not an official translation and has no binding force. In the event of any discrepancy between the Hebrew Version and this translation, the Hebrew Version shall prevail.

About Max Stock

Max Stock is Israel’s leading extreme value retailer, currently present in 64 locations throughout Israel and 2 locations in Portugal. We offer a broad assortment of quality products for customers’ everyday needs at affordable prices, helping customers “Dream Big, Pay Small”. For more information, please visit https://ir.maxstock.co.il

Company Contacts:

Talia Sessler,
Chief Corporate Development and IR Officer
talia@maxstock.co.il

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SOURCE Max Stock Limited

Technology

Qatar Development Bank announces strategic investment in global Islamic FinTech, Wahed

Published

4 hours ago

November 24, 2024

DOHA, Qatar, Nov. 24, 2024 /PRNewswire/ — Qatar Development Bank (QDB) announces a strategic investment in Wahed, a global Shariah-compliant fintech.

Wahed currently manages over $1 billion in assets and has attracted over 400,000 clients worldwide. The company is built on the principles of democratizing access to financial services and offers clients access to Shariah-compliant investments in its mobile app. Wahed removes the barriers to sophisticated investment management services that have been traditionally reserved for high-net-worth investors.

Khalid Al Jassim, Executive Chairman of Wahed MENA said: ‘We are delighted to welcome our new shareholders, QDB. We believe Qatar is fully aligned with our mission in creating a technology-first Islamic finance leader that unlocks a financial ecosystem free from Riba. We look forward to supporting the Qatar National Vision 2030 of becoming a leading knowledge-based economy.

Ali Rahimtula, Partner at Cue Ball Capital said: “Qatar Development Bank’s strategic investment is a clear signal of the faith the industry has in Wahed and its ability to create the future of Islamic Finance.”

About Wahed

Founded in 2015, Wahed is a financial technology company that is advancing financial inclusion through accessible, affordable, and values-based investing. The company has made significant inroads in the world Shariah compliant investing by creating an easy-to-use digital platform that provides a suite of Shariah compliant investing products including managed portfolios and venture and real estate investments. Wahed caters to over 400,000 customers globally and manages over $ 1 billion in assets.

For more information, visit: www.wahed.com

About Qatar Development Bank

Qatar Development Bank’s mission is to advance the economic and innovation development cycle of Qatar, supporting and contributing to the nation’s economic diversification. As well as a focus on the development of Qatar’s private sector, QDB is a powerful catalyst for socio-economic development in the country, empowering the local economy and bettering living standards.

For more information, visit: https://www.qdb.qa/

SOURCE Wahed

Technology

Wahed appoints Khalid Al Jassim as Executive Chairman of Wahed MENA to help guide the strategic growth of Wahed in the region

Published

4 hours ago

November 24, 2024

DOHA, Qatar, Nov. 24, 2024 /PRNewswire/ — Wahed, a global Shariah-compliant fintech, has appointed Khalid Al Jassim as Chairman of Wahed MENA.

On this appointment, Khalid commented, ”I am excited to guide Wahed’s growth in the region. Wahed’s mission of furthering Islamic Finance is one I resonate with deeply and I look forward to supporting its growth ambitions.”

Khalid has over twenty five years of investment banking and corporate advisory experience gained with some of the most innovative and groundbreaking institutions in the world.

His career spans leading firms including SABIC, Arthur Anderson and Arcapita Bank in Bahrain, where he was instrumental in making it into one of the PE powerhouses in the region. His responsibilities started in the earlier years with establishing the Investment Placement Team and transforming it into one of the most robust teams in the industry. At the time that Khalid left Arcapita to build his personal business, he was an Executive Director. Today he is Chairman of Afkar Vision, a private advisory house specialized in mergers and acquisitions with offices in Manama, Dubai and Riyadh.

As well as being one of the earliest investors in Wahed, he is currently Chairman of the Audit Committee and Board Member at Bahrain Islamic Bank, the 4th oldest Islamic Bank in the World and Board Member at SICO Bank and SICO Capital in Saudi, an $8bn asset manager in the region.

Mohsin Siddiqui, Wahed CEO said, “We are delighted to announce Khalid’s appointment. His unique understanding of the financial landscape in the MENA region is unparalleled and we are excited to bring this expertise in continuing to grow our presence in the region.”

About Wahed

For more information, visit: www.wahed.com

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