Conversational channels are changing the landscape of hybrid cloud service management. These channels are becoming important avenues for Site Reliability Engineers (SREs) %Subject Matter Experts (SME) to collaboratively work together to resolve an incident or issue. Identifying segmented conversations and extracting key insights or artefacts from them can help engineers to improve the efficiency of the incident remediation process by using information retrieval mechanisms for similar incidents. However, it has been empirically observed that due to the semi-formal behavior of such conversations (human language) they are very unique in nature and also contain lot of domain-specific terms. This makes it difficult to use the standard natural language processing frameworks directly, which are popularly used in standard NLP tasks. %It is important to identify the correct keywords and artefacts like symptoms, issue etc., present in the conversation chats. In this paper, we build a framework that taps into the conversational channels and uses various learning methods to (a) understand and extract key artefacts from conversations like diagnostic steps and resolution actions taken, and (b) present an approach to identify past conversations about similar issues. Experimental results on our dataset show the efficacy of our proposed method.