The latest wave of technology news unveils more stories about how cloud computing is taking part in the huge shift that is currently happening on both the digital and financial markets. In this Hentsu tech news round-up, we look at how banks are steering their attention towards cloud adoption.
Big Banks Look to the Cloud to Accelerate Digital Shift
There is a growing trend on the financial market to embrace the public cloud space for businesses and company operations. Now, high performance computing, grid computing and cloud computing are becoming more important than ever.
Last week, several big-name companies were seen going into partnerships with key players on the public cloud scene. Amazon Web Services has “struck a big new deal with HSBC while Google announced partnerships with Goldman Sachs and Deutsche Bank.”
One of the most obvious reasons for these deals is that banks are under a great deal of pressure, due to financial expenses caused by the lockdown – a general economic decline, major loan losses etc. Their goal now is to cut costs as much as possible.
On that note, the public cloud is practically a godsend, and various cloud services are structured according to the pay-as-you-go-model, as opposed to coughing up huge budgets and millions of investments upfront.
News via FT.
How Computing has Evolved, and Why Multi-Cloud is the Future
For the past few years, much of the tech and IT scene is utility-driven, mostly resorting to open-source tools and, of course, the benefits of fresh solutions and tools. The primary drive for most companies is having to deal with big data, but handling the process with care, and consideration. So, it only makes sense that the world is turning to innovative technologies.
Word is that this is the case with “cloud computing, which has promised cheaper storage and computing costs, data inputs from more sources, and the capability for better analytics. It is a big reason there has been a data explosion over the past decade. It’s why we have ride-sharing businesses, social media, internet-connected products, and public databases for health research.”
News via Forbes.
Banks Enumerate the Benefits of Cloud Computing
There is an increasing amount of businesses in the market that are looking to boost their productivity and improve handling of massive workloads through cloud computing. The latest data is showing how banks are hoping on the cloud bandwagon more than ever.
Here’s a snip: “The online forum explored how cloud computing can improve business agility, sustainability, and accelerate recovery in this new economic landscape. Cloud computing is the delivery of computing services—including servers, storage, databases, networking, software, analytics, and intelligence—over the Internet (“the cloud”) to offer faster innovation, flexible resources, and economies of scale.”
This is yet another example of how large companies that handle finance, such banks headquartered in Singapore, India, and Thailand, are now relying increasingly on a variety of cloud computing products.
News via BusinessWorld.