Equifax's CTO walked us through a Google Cloud migration that's addressing security concerns, cutting $240 million in costs, and helping speed up new product launches
, the company is on pace to realize $240 million in cash savings from its digital transformation by the second half of 2021.
"Being able to simultaneously rebuild, migrate customers, and launch new, to me that is the proof of now you're taking advantage of real cloud scale that you really wouldn't have been able to do if you had done it the old way," Koehler said. It is notable that a company that dealt with one of the most public data breaches in recent memory has adopted a technology many are still hesitant to store sensitive data in.
To be sure, Koehler said it's not just a matter of set-it-and-forget-it. While the public cloud gives a company the ability to be more secure, it needs to build in additional frameworks to ensure it is able to take advantage of those benefits. "Equifax is mostly a data and analytics company. I believe that Google Cloud offers a differentiated approach to data that was completely unique and wasn't available at other competitors," he said.
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