The chemical and energy industry is realizing that cloud is critical to competing in the current market. In the past, reluctance to move to cloud was based on the financial structure of industries like chemical and energy that have high capitalization with assets having significant longevity. This perspective limited appreciation for cost benefits available to other industries that found the movement of operations to an OPEX model beneficial.There are significant challenges to embracing these new technologies and ways of working in the cloud. Customer wants to quickly adopt cloud models and is choosing to partner with HCLTech to implement cloud to support their business transformation. Our client is one of the global chemicals and energy company with operations in 20 plus countries. They have an ambition to embrace cloud at scale. However, being a traditional industry, they carry a huge technical debt resulting from monolithic legacy systems.
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