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Mostafa Ebaid has been the CIO of CI Capital Holding in Egypt since May 2011, to provide the technology vision and leadership in the development and implementation of Information Technology for the whole group. Before CI Capital, he was the IT Director at Osool ESB for security Brokerage for five years. During this time, he executed a full IT development and restructuring plan that covered the core infrastructure of Network, Security, and HW Servers, in addition, the core system of Securities Brokerage. Before Osool he spent more than 8 years in the Banking Sector to participate in the development of banking system on Mainframe environment.
Mr. Ebaid spoke to us in the lead up to the event about the following questions on the topic of Cloud in the investment industry, his presentation about blockchain:
What are you most looking forward to with regards to speaking and attending the Cloud MENA event in Dubai?
It’s the first time to participate in this event and I’m looking for to be updated with latest knowledge and information concerning the Cloud and Blockchain technology in addition to improve my network with experts of and organization in different sectors.
How important is Cloud right now in the investment industry, and how is this likely to change/evolve in the future?
Cloud technology becoming a trend in different sectors and enforced itself, now we can see different services and systems can be provided on Cloud like all ERP modules for example, but the issue for the decision makers is how to balance and control the annual expenses versus the value of Cloud features, because at point of time we’ll find the Opex budget very high. I believe by time it will be developed and adapted to be fitting for most industries.
You will be speaking at Cloud MENA on April 9th about blockchain - Could you give us a little bit of insight into what you believe are the greatest benefits from blockchain?
Blockchain technology is evolving and growing up revolutionary, which opens the way to changing many methods of handling assets and services in more safely and effectively. This may lead to terminate or restructuring organizations that have played this role traditionally, because Blockchin technology simply can achieve core benefits like:
What are the most difficult challenges for a CIO today?
CIOs have more than their share of concerns keeping them usually busy from, Multiple security vulnerabilities to Innovation and digital transformation to gap skills and Retraining Then Tightening budgets, so the challenge now not only to keep the IT environment reliable and stable but also we have to make the balance between these issues according to the business need.
What are the other technologies related to Cloud that you are currently exploring?
Internet of Things (IoT), because IoT has evolved from the convergence of wireless technologies, micro-electromechanical systems, microservices and the internet. The convergence has helped tear down the silo walls between operational technology and information technology, allowing unstructured machine-generated data to be analyzed for insights that will drive improvements.