Objectives
Existing Business application to be replaced with AWS cloud hosted application to provide better participant service and process backend system as well as reporting.
Challenges
The current application runs on aged infrastructure with no scalability. Participants use legacy authentication process with certificates and does not have scalability to add more participants. Application has outdated legacy code will bring in massive difficulty to update enhancements.
Solutions
To address these challenges, a robust security framework will be implemented, thorough testing of system integrity will be conducted, and a strategic integration plan will be developed to ensure a smooth transition and enable future data analytics and commercialization opportunities.
Benefits
#One
Enhanced Efficiency: The new AWS cloud-hosted application will streamline the trade reporting process, offering a more efficient backend system for managing trade reporting.
#Two
Improved Service: Participants will benefit from improved services due to the modernized infrastructure and capabilities of the cloud-based solution.
#Three
Data Utilization: Integration into a data lake facilitates advanced analytics and data commercialization opportunities, unlocking new insights and value from trade information.
