Key Challenges and Success Factors of Banks' Move to Public Cloud - How Open Source Helps

Explore key challenges and success factors of banks' transition to public cloud in this 23-minute keynote session by Andrew Agerbak from Boston Consulting Group. Gain insights into value drivers, including cost, agility, and resilience considerations, as well as the differences between run and change aspects. Examine choices between IaaS, PaaS, and SaaS, and understand the implications of lift-and-shift versus cloud-native transformation strategies. Learn about cloud vendor lock-in concerns and how open source solutions can address these issues. Discover the importance of building cloud skills and capabilities within banking organizations. Delve into topics such as platform as a service, agile adoption, multicloud environments, and overcoming challenges in cloud migration. Benefit from practical lessons learned through BCG's experience in guiding banks through their cloud journey.

Introduction
How banks get value from moving to the cloud
Skills capabilities and ways of working
Platform as a service
Agile adoption
Cloud vs multicloud
Challenges of moving to cloud
Cloud skills and capabilities
Summary