BFSI moving to a Cloud-first paradigm

Cloud migration is an integral part of the digital transformation journey of banking, financial services, and insurance (BFSI) firms. Many BFSI firms are adopting cloud-first strategies to realize the benefits of business excellence, innovation, speed-to-market, and operational and infrastructure savings. BFSI organizations tend to initiate the cloud migration journey by adopting infrastructure-as-a-service (IaaS) models and evolve to embracing platform-as-a-service (PaaS) and software-as-a-service (SaaS) models as cloud solutions and products mature. Successful migration will, however, depend on choosing the right cloud deployment models as well as cloud service models. BFSI firms must consider some crucial factors while choosing the cloud migration model:

  • Business value and technology
  • Functional uniqueness and product maturity
  • Privacy, security, and regulatory requirements
  • Costs, scalability, and performance

Aparna Jiddu
Platform Architect, Banking, Financial Services, and Insurance, TCS

Sripada Sarma
Solution Architect, Banking, Financial Services, and Insurance, TCS

Explainable AI (XAI) to understand ML Models

AI systems are increasingly being entrusted with making critical decisions. Many of these decisions might have a considerable impact on businesses and even our lives. Machine learning (ML) is at the core of these decision systems.

The evolution of deep learning has resulted in a tremendous increase in the accuracy of these decisions, but the machine learning models that these AI systems are based on are mostly ‘black boxes’. The human mind, however, is not comfortable with trusting a system that makes a decision without letting it into the rationale behind this. And where trust is in deficit, acceptance is difficult.

Explainable AI (XAI) refers to a set of tools and techniques that help us humans interpret and trust the decisions made by ML models.

https://www.tcs.com/content/dam/tcs/pdf/discover-tcs/Research-and-Innovation/explainable-ai-machine-learning-models.pdf

– by Jayashree Arunkumar
Technical Architect, Incubation, Research and Innovation, TCS

The 5 I’s Of True Leadership!

After, more than four decades, of personal involvement, in nearly, all aspects, related to leading/ leadership, from identifying and qualifying, to training, developing and consulting to, thousands of actual, and/ or, potential leaders, to serving, personally, as a leader, on several occasions, I strongly believe, many factors are involved and significant, but, the 5 I’s are often, the keys, to true leadership! These must be considered, and utilized, if one wishes, to be a leader, who makes a difference, for the better! With, that in mind, this article will attempt to, briefly, consider, examine, review, and discuss, what these mean, and represent, and why it matters.

1. Integrity: Without genuine integrity, one will never become a real leader! Why should anyone, listen, and believe, anything someone proposes, or says, unless/ until, they truly, believe, the particular leader, maintains absolute integrity! This cannot be, simply, behavior when convenient, but, absolute! Remember, especially, these days, someone is always watching/ observing, so, focus your energies, on, consistently, maintaining these efforts!

2. Imagination: While it’s important, to, think – outside – the – box, and proceed, with a well – developed, and considered, relevant imagination, this must align, with the combination of the history, heritage, mission, vision, perceptions, priorities, and goals, of the specific organization, etc! Since, there is, no such thing, as a born – leader, it is important, and relevant, to select individuals, who, clearly, are ready, willing, and able, to proceed, and take, meaningful, relevant, imaginative steps, for the best interests of his groups, and stakeholders!

3. Issues: How can anyone serve, unless/ until, he clearly, understands, and recognizes, the essential issues, facing his group, and which need, attention? How do these things, impact, the organization’s best interests? Why are these the top priorities, and how does one, decide?

4. Instincts: Great leaders need to develop, and maintain, as well as, consistently use, the most relevant instincts, in order to differentiate, between, real needs/ priorities, and lesser matters! It takes skill, and understanding, to have and maintain those, which might best serve, the relevant, sustainable needs, of the particular organizations!

5. Ideas/ ideals/ ideology: It takes the right combination, and alignment of, the ideas, ideals, and ideology, for someone to be ready, willing, and able, to be a real, true, quality leader! This must be actual, rather than, empty rhetoric, etc!

Will you pay attention, to these 5 I’s, of true leadership? Are you, up to the tasks, and necessities?

Richard has owned businesses, been a COO, CEO, Director of Development, consultant, professionally run events, consulted to thousands of leaders, and conducted personal development seminars, for 4 decades. Rich has written three books and thousands of articles. His company, PLAN2LEAD, LLC has an informative website http://plan2lead.net and Plan2lead can also be followed on Facebook http://facebook.com/Plan2lead


Article Source: https://EzineArticles.com/expert/Richard_Brody/492539

 

Leadership Frameworks That Cause Evolution

Designing for development is a critical leadership skill. If we design our social and physical environments properly, we can evolve as humans and societies, keeping important leadership frameworks in mind. Here’s a fun way to do that.

Leadership principle: The environment causes evolution, so design it carefully
Animals show us how we can evolve by adapting to our environment. Polar bears have white hollow fur in a double layer to protect against cold and camouflage them in the snow. Meerkats have dark fur around their eyes to reduce glare from the sun to see long distances. Tigers have stripes to help them camouflage in the jungle.

Some clever animals design their environment to support them. In Canada, I have pulled many a canoe over a beaver dam. Beavers make dams by chopping down (rather, chewing down) trees to stem the flow of the creek or river, and thus to catch fish.

Humans are the biggest deliberate creators of their own environment. We have commanded much of the planet’s resources to suit our own needs. Not always with a great result, mind you.

We need to evolve as a species to solve the problems we’ve created. Paradoxically, we can design our environments to stimulate our development. Here’s how.

Our environment needs new leadership skills and abilities if we are to contend with the complexity and volatility we’ve created. To help us evolve quickly, we can design environments that stimulate our thinking and our leadership ability.

Leadership principle: Engineer your success

1. Physical Space

When it comes to environmental design, this is the most obvious one. Everything in our physical world has a message. Marie Kondo told us to assess everything through the, “Does it spark joy?” lens. I would add, “Does it cause me to think and feel differently?” “Does it challenge my default?”

Some examples are: my list of 1 year, 10 year, and 100 year goals. These keep me focused on what’s most important. Art that is challenging or unusual does something similar. Photos of the planet from space also remind me to think globally.

2. Social Space

Who we hang around is critical to our emotional well-being. Our most intimate relationships should be put through the “do I feel happy and loved around them?” lens. We can also choose people who challenge what is possible. I recently caught up with colleagues in Melbourne, Colin Ellis and Jaquie Scammel. Both these people are dedicated professionals with big visions and absolute conviction in service to their clients. Their energy was infectious and uplifting! When stretching our own possibilities, we can be elevated by other people’s success.

Choose people who challenge you to stretch.

3. Thinking Space

This space has two concepts to it: space to think, and what fills your thinking space.

Space to think: our brain needs time to process all the stimulation it receives in our fast, blinking, instant world. We need to add natural landscapes and no screen time to our daily experience. We need to let our brain rest and give it time to process all the gigabytes of data. It needs to make connections and consolidate memories. Giving the brain a rest from consuming things is crucial here.

What fills our thinking space: read widely, especially from people who disagree with you. It’s one of the best ways to develop perspective.

Reduce the rubbish. There’s plenty on offer in social media and news feeds to stimulate our dopamine-addicted brain. Steer clear of that, or at least put some strong boundaries around it.

When we upgrade our environments, we can’t help but think and feel differently. This is how we cause our deliberate evolution. So let’s get intentional; be, think, and do bigger and better by designing environments that demand it of us.


https://www.zoerouth.com/news/leadership-frameworks-evolution

Article Source: https://EzineArticles.com/expert/Zoe_Routh/59420

 

6 Key Steps To Becoming The Best Possible Leader!

Although, many seem to seek, a position of leadership, few become the best – possible leaders! After, over four decades, of involvement, in nearly, everything, involved, with leading, from identifying and qualifying, to, training, developing and consulting to thousands of actual, and/ or, potential leaders, as well as, serving, personally, as a leader, on several occasions, I realize, one of the reasons, for this apparent, lack of/ dearth of, genuine leadership, is, far – too many groups, ignore (or fail to recognize), the importance of taking, seriously, consistently, using, a customized, professionally – designed, training program! With, that in mind, this article will attempt to, briefly, consider, examine, review, and discuss, 6 key steps, needed, to becoming, the best leader, possible.

1. Know, and understand, the organization’s niche, history, heritage, etc: A smart, first – step, is to fully understand, the specific organization’s niche, history, and heritage, and its relevance, in – terms – of, what matters, most, in the shorter, and longer – terms! Without this knowledge, and understanding, how can any leader, hope to, and/ or, expect, to get – through, to his past, present, and potential stakeholders?

2. Identify the group’s strengths, and weaknesses: What are the specific group’s strengths, and weaknesses, and what are the causes/ reasons, for this? How can every strength, be effectively, used, to its maximum potential, while comprehensively, addressing, areas of weakness, and/ or, potential areas? What are the obstacles, and which, may be transformed, to an obstacle, rather than a problem?

3. Expand your personal comfort zone: Wise, effective leaders, proactively, expand their personal comfort zones, rather than limit themselves, by considering, only, the same – old, same – old, approaches, etc! It is essential to put service and representing others, ahead of any personal/ political agenda, self – interest, and/ or, protecting his comfort zone!

4. Listen effectively/ learn/ Empathy: Only, when one, effectively listens, and learns, from every conversation and experience, and gains greater, relevant, expertise, with the objective of obtaining better judgment, and, hopefully, wisdom, his potential to be a better leader, is enhanced! Great leaders proceed, with genuine empathy, and use it, to determine their emphasis!

5. Strategic and action plans: Great leadership requires knowledge, experience, commitment, and discipline, and realizing, strategic planning, is essential, to making a difference, for the better! This must then, be transformed, to perceiving and conceiving of, creating, and implementing, the finest – possible, action plans!

6. Articulate an inspiring, motivating message: When one uses the first – five steps, and then, proceeds, to articulate, an inspiring, motivating message, he maximizes his chances, to become, the best possible leader!

Do you want to become a great leader? Are you up the necessary tasks, etc?

Richard has owned businesses, been a COO, CEO, Director of Development, consultant, professionally run events, consulted to thousands of leaders, and conducted personal development seminars, for 4 decades. Rich has written three books and thousands of articles. His company, PLAN2LEAD, LLC has an informative website http://plan2lead.net and Plan2lead can also be followed on Facebook http://facebook.com/Plan2lead


Article Source: https://EzineArticles.com/expert/Richard_Brody/492539