BANGALORE, INDIA: Getting more and more funds out of the system by investing in IT is a major challenge, said Shailendu Bhatt, CIO from NH Securities. In an interview with Manu Sharma of CIOL Bureau, Bhatt talks about having to set up the base like ERP, Planning, Networking in order and also about getting funds again and again is not easy for upgradation of the system.

CIOL: What are the major challenges faced by you in your organization?
Shailendu Bhatt: Getting more and more funds out of the system by investing in IT is a major challenge. Security is another big thing that needs constant upgradation. Once you have set up the base like ERP, Planning, Networking in order, getting funds to upgrade the system is another challenge. But getting funds again and again is not easy. 

CIOL: Does your organization link IT budget with the company's performance/growth? If yes please elaborate?
SB: Certain areas like supply chain, we also have to link directly with the alignment in the field. 

CIOL: Can you cite any specific areas where IT has come up as an accomplishment in your stint?
SB: We have done some advanced planning and optimization of a software, that has really helped the business. 

CIOL: Going forward, what are the challenges that you foresee?
SB: More challenges are about running the business than IT. Security is another challenge since it is a perennial problem. When things begin to work well, getting funds for improving/enhancing is a major challenge. Implementing new technologies at the right time is another challenge. 

CIOL: How far have you come as regards to adopting 'Green IT technologies'?
SB: Green technology is a very big subject from green buildings to green computers and a lot of works needs to be done. And our organization is not a major consumer of power. 

CIOL: What has been the hike in the IT budget for the new fiscal year? What has been the growth rate over last year?
SB: Yes, the growth rate over last year is around 20 percent. 

CIOL: Name the top 5 items that you expect to spend on this fiscal year?
SB: Some of the top items that we would spend on this fiscal include: Unified Communication, Licences, Network upgradation, Purchase of notebooks and New ERP Business Solution. 

CIOL: Do you feel the amount allocated for IT is sufficient if yes why? If not why not? How much should you be spending?
SB: The IT spending is not based on budgets. It is based on need and its value.