The main challenge in tackling the issue is that the IT department needs cloud services specialists or knowledgeable staff to develop cutting-edge software or even the industry's recent trends.
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The solution was initially divided into 3 phases: The first phase was to migrate databases and main applications to the cloud (completed). The second phase (ongoing) consists of providing initial migration support and developing a new basket funds system that supports new technologies and good industry practices. The following steps (in the future) will consist of migrating other applications and the implementation/use of a data lake to better use the company’s data through data scientists and analysts, and even machine learning or AI.