Multicloud: an advanced version of the cloud

3 March 2021 | Knowledge, News

An interview with Michał Furmankiewicz, Head of Consulting at Chmurowisko and Łukasz Węgrzyn, Partner, Head of Technology Practice at Kochański & Partners.

– In Poland we are witnessing a surge in cloud implementations, as shown for example by the latest Eurostat data. Catching up is definitely a step in the right direction, although we must admit we are still far from the EU average level of cloud adoption in business. Regardless of the current cloud computing implementations, the cloud should also be considered from a long-term perspective, which – at least from a regulatory point of view – definitely sees multicloud as a strategic direction for the development of organisations.

– For the simple reason that many European regulators recommend multicloud as the preferred way to improve the security of supervised entities. For example, the European Banking Authority (EBA) recommends that banks include multicloud implementation in their strategies. Each supervised entity should develop a multicloud strategy with a public element. Such strategy may also reap benefits in the future, as it can be implemented in the exit plan when deploying a new cloud service. When creating each new type of service, it is important to ensure that separate documentation is prepared. For regulators, this is the most credible approach to strategy and exit plan.

Where would such an approach work best?

Strategic thinking about multicloud is also frequent among companies subject to regulatory restrictions – that is to say, mainly banks, insurers and other financial institutions. They understand that this approach is not only in line with regulatory recommendations, but also provides specific benefits, such as reducing the risk of vendor lock-in, i.e. becoming dependent on a single technology provider.

Latest Knowledge

Rebuilding Ukraine in practice – financing sources and investment perspectives

Nearly 24,000 kilometres of roads, end to end measuring ca. 60% of the Earth’s equator in length, hundreds of bridges, thousands of buildings and tens of thousands of cars – this is only a partial account of the destruction inflicted so far on Ukraine by Russian forces. But although the war in Ukraine has not stopped since 24 February 2022, the prospect of a post-war reality cannot be ignored, and so ways of rebuilding the country should be considered.

A WIBOR Substitute – New Regulations Approaching

The incessant growth of WIBOR has become a huge problem for PLN borrowers, who are increasingly questioning the methodology for determining the value of this index. However, there is help in sight as the government is planning to assist, although the initial proposals were contrary to EU law.

Polish Deal 2.0 | Tax Focus

On 12 May 2022, the lower house of the Parliament (Sejm) adopted the Amendment to the Personal Income Tax Act and Certain Other Acts – the so-called Polish Deal 2.0 (print no. 2186). Below we present a summary of what we believe to be the most important tax solutions.

Economic consequences of the suspension of gas supplies under the Yamal contract

Natural gas as a ‘transition fuel’ for Europe on its path towards a zero-carbon economy was supposed to help gradually reduce greenhouse gas emissions. However, this environmentally-sound objective now needs a second look, particularly when gas market developments may affect the viability of new gas-fired generation projects, and when permanent impediments to gas availability may even prevent their uninterrupted and efficient operation.

PLN Borrowers are taking aim, and it’s WIBOR in the Crosshairs

Recently, rising inflation and increasing loan instalments have been one of the most frequently discussed topics. The latter concern more than 2.5 million people and the total value of loans as of the last quarter of 2021 was estimated at approximately PLN 500 billion.

European Union breaking the RES deadlock | Energy Flash

Building energy independence whilst moving towards a low-carbon economy and combating climate change – this is just one of the major challenges facing European politicians today. While energy prices in Europe are breaking new records, the diversification of supplies of low-emission fuels, such as natural gas, cannot be achieved overnight.

Contact us:

Łukasz Węgrzyn

Łukasz Węgrzyn

Partner, Head of Technology Practice

+48 795 576 136