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Cloud ROI: The Answer for Banking ROE?
Banking is pulling up the rear of all industries when it comes to cloud adoption, and this is likely due to the recent wave of regulations washing over them and questions of viability and security. Still, the cloud industry is becoming more advanced, and customers are demanding the speed, mobility, social interaction and availability it offers.
Although the banking industry has largely been slow to adopt the cloud in the past, this trend is not likely to continue much longer due to the advantages the cloud offers in terms of customer experience. It also recommends that banks focus more on the potential benefits and less on the back-end systems that process and store data.