The conference was focused on informing, educating and empowering the banking and financial sector about the technology, products and best practices in the industry. Experts from areas of Storage, Networking, Applications, Solutions, Products and Security made insightful presentations, which were very well received by the audience.

The event started with welcome address by Mr. Vinnie Mehta, Executive Director, MAIT. He welcomed the Chief Guest, Shri. B D Narang, Chairman & Managing Director, Oriental Bank of Commerce, Keynote Speaker Ms. Neelam Dhawan, Director-ESG, Hewlett Packard and the distinguished Speakers & audience. Ms. Neelam Dhawan made a presentation on Storage Networking & Storage Resource Management. Thereafter, Shri Narang made an insightful speech. The extract of his speech is as under:

· IT infrastructures were built to be stable not to react quickly to changing business strategies and processes -The technology-led era resulted in two major problems:

1. There has been an enterprise-wide over-deployment of over provisioned servers, storage and over-redundant network infrastructure. Gartner estimates that the typical utilization rate of the infrastructure is only about 30%.

2. The "islands of computing" serving individual application needs have become inflexible silos which resist accommodating change (and are exceedingly difficult to manage)

· Businesses will be:
- responding to market and business demands in real time
- balancing a dynamic supply of owned and on-demand assets and services
o Individuals will:
- be empowered by immediate knowledge available where and when needed
o Computing Infrastructure will be:
- tightly and dynamically tied to business requirements
- managed as a single globally distributed resource
- enabled by a enterprise grids
- powered by modular, standards-enabled components

On conclusion of the Inaugural Session, Dr. N Vijayaditya, Director General of NIC, chaired the first session on Understanding Storage Networking & Storage Resource management. Mr. Anthony Chan, Head NSS, Asia Pacific, HP India and Mr. N Ashwin, Product Manager - Storage Solutions, Acer India made their presentations.

The second session was chaired by Dr. K Subramanian, Dy. Director General, NIC & IT Advisor to CAG of India. Mr. Sam Thomas, Asst. General Manager, Marketing-Enterprise Products, Acer India & Mr. Aditya Sapru, Director-India Operation, Frost & Sullivan made their presentations on "Evolution of Storage: Emerging Technologies".

The third session on Data Protection & Storage Security: Challenges for Business Continuity was chaired by Dr. A K Nag, Advisor, Department of Statistical Analysis, Reserve Bank of India. Mr. C Kajwadkar, Vice President, NSE.IT and Mr. Rohit Vig, Manager, NSS, HP India made their presentations on Data Protection & Storage Security.

Dr. A K Chakravarti, Advisor, Department of Information Technology, Ministry of Communications & IT chaired the fourth session on Mobile Storage: Integrating Portable & Distributed Storage. The speakers were Mr. Punya Palit, Manager-Technical Specialist and Mr. Abhijit Das, Manager-Platform Strategies, Microsoft India.

Session V: Panel Discussion: Aligning Storage Management & Business Strategy was moderated by Dr. Gulshan Rai, ED-ERNET, Department of Information Technology, Ministry of Communications and IT. Mr. T Gopinath, Group Practice Principal, Consulting & Integration, HP India, Mr. Aditya Sapru, Director-India Operation, Frost Sullivan and Mr. Punya Palit, Manager-Technical Specialist, Microsoft India, Mr. Rohit Vig, Manager, NSS, HP India were the panelists.