Digital Leader 2018: MUKESH MEHTA:B & K Securities India

B & K Securities India | BFSI 

MUKESH MEHTA | CTO 

KEY IT SPENDING AREAS FY 2018-19 : Infosec, NGSW Firewall, Storage / Cloud upgrades 

5 KEY SOLUTIONS DEPLOYED IN 2017-18 

• Hyper-converged Migrations,
• Complete Automation of equity research using AWS BI tools
• Network upgrades to 10G,
• Additional Setup for Trading Platform,
• Automation of IT Operations & Processes 

What does Digital mean for you?  

• Digitalization is an ongoing process which can be described as automation of existing manual and paper-based processes through the use of technology from an analog to a digital format.
• The biggest emergent digital technologies are cloud computing, social media, mobile technology, and big data while Software-defined Infra / Network/ Storage is used to take digitalization to next level.

NAME 3 BEST PRACTICES FOR ALIGNING IT WITH NEW NORMAL BUSINESS DEMANDS?

Very Simple, it’s based on best-practice principles of focusing on internal-customer experience; design-led thinking; enabling new technologies; agile development and high-cadence deliveries; real-time data-driven decisions allowing for 3rd-party innovation; and "following the money”.

The continuous focus on innovation is critical, particularly in the BFSI Domain where the way in which people use, control, and interact with data-points is rapidly changing. Gone are the days where innovations were the monopoly of large asset-heavy organisations.

New technology like cloud computing, robotics, artificial intelligence, advanced analytics, and machine learning are now in the forefront of the BFSI domain, thanks to smaller, more agile innovators and vendors, simple funda – keep experimenting(don’t get distracted if there are a couple of failures). 

WHAT IS THAT ONE KEY MESSAGE YOU WOULD LIKE TO GIVE TO IT VENDORS 

IT Vendors must look for providing the right solutions to CIO and not focus on the numbers… they might be more interested in ROI but CIOs are now looking for ROTI (Return on Time Invested) 

SIGNIFICANT MILESTONES AS CIO (CURRENT AND PAST ROLES): 

Possibly I might be the First CIO in India to run ALGO & HFT Trading Platform on Hyper-Converged Infrastructure