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  • September 8, 2016

A Bold Innovation Strategy

— By Rob Preston, editorial director, Oracle Content Central 

Lots of CIOs pay lip service to their company's cloud "transformation," but Jaime Vogel has taken Australian Finance Group all-in as the company expands into new markets and competes with digitally native fintech startups. 

Vogel and his team have migrated more than 80 applications, as well as AFG's IT infrastructure, to the cloud. Why? To redeploy huge chunks of IT spending that had gone to system support tasks to customer-facing, revenue-generating innovation projects. 

That migration enabled AFG to shut down its two data centers in May 2016, saving the company about US$385,000 a year in operational costs and bringing a modern feature set, along with new APIs that improve integration and automation. But the total benefit is much greater, because the cloud transition has freed up money for Vogel to hire developers and shift some of his people to more-productive work. Says Vogel: "We needed to ensure that whatever we're spending on IT was giving us the best bang for our buck."

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