Cloud adoption by financial institutions has been on the rise. According to PwC, by 2020 core financial services like credit scoring, statements management, payments, and billing will use the cloud for processing and computing. From retail banking to asset management and investment banking, the cloud provides many use cases to bring scalability, cost savings, and improved service delivery for financial institutions.
Imagine you’re trying to watch your favorite show on Netflix and it keeps buffering. The quality is poor and you’re getting frustrated. Your laptop (or whatever device you’re trying to stream on) is probably trying to connect to a Netflix data center a couple hundred miles away. This distance creates high latency, slow connectivity, and a poor experience for you as the viewer.
Moving to the cloud feels like a big change for some companies. Understanding the ins and outs of cloud computing and where your company can take advantage of the numerous benefits is often a difficult task. We asked you for your top questions on cloud computing and have provided the answers below!
Cloud services have evolved significantly since its inception over a decade ago; cloud tools and applications have improved in complexity as well as functionality, and there has been an increase in the number of cloud service providers. Furthermore, cloud services providers have expanded their repertoire of service offerings in response to a business’s needs; examples of some cloud-based services currently offered include Software-as-a-Service (SaaS), Infrastructure-as-a-Service (IaaS), Platform-as-a-Service (PaaS), and more recently, Security-as-a-Service (SECaaS).
Disruptive technologies have been changing the game in the IT world for the last decade. New trends emerge and it quickly becomes apparent that businesses need to adapt to survive. One of these disruptive technologies is cloud computing. Simply defined, cloud computing is the practice of "computing" over an internet connection. Chances are you are already using the cloud in one way or another on a consumer level. Do you use Spotify? Do you upload pictures to an internet repository like Photobucket or Flicker? Do you use social media, like Facebook, Twitter or Instagram? All of these are examples of cloud computing.
We talk to many companies everyday who are in the early stages of moving to the cloud. They have done their research and understand the benefits of the cloud, they just aren't sure where to start. They are looking for guidance in executing the shift to the cloud.
Topics: Cloud Computing
There are lots of buzz words being thrown around these days in the technology space. One of these is “Big Data” and the name doesn’t leave much to imagination. As corporations try to absorb as much consumer information as possible, the amount of data being stored in cyberspace truly boggles the mind. But what do we do with this data?
Without a doubt, cloud-based technology is changing the way the modern business world operates. As this technology grows and evolves, small to medium sized businesses (SMBs) are reaping the benefits.