AI Magazine May 2024 | Page 179

OLD MUTUAL
Old Mutual has undertaken a transformation by migrating its entire IT infrastructure to the cloud , paving the way for leveraging data and AI innovation

Old Mutual Limited is a premium African financial services group that offers a broad spectrum of financial solutions to retail and corporate customers across key markets in 14 countries .

With 179 years of heritage across sub- Saharan Africa , Old Mutual continues to play a crucial part in the communities it serves as well as in broader society . Old Mutual commenced its digital transformation in 2017 with the aim of using technology to leapfrog its journey to enable its business strategy . The organisation aimed to modernise its operations by using cutting-edge technology but faced obstacles due to its outdated infrastructure and architecture .
As a result , the organisation went on a journey to modernise its infrastructure resulting in a decrease of its on-premises data centres footprint . The modernisation journey led to the migration of its technology infrastructure with a focus on life insurance , and wealth management systems – to Amazon Web Services . This , says Old Mutual ’ s Group CIO May Govender , has proven to be the leapfrog to its transformation journey . Joining the business in 2021 as Deputy CIO and then shortly thereafter stepping into the acting Group CIO role in 2022 before formally being appointed in 2023 , stated that this step has laid the foundation for its digital transformation and has opened avenues for the organisation to pursue cutting edge solutions to meet its business challenges .
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