{"id":6353,"date":"2015-08-11T05:57:47","date_gmt":"2015-08-11T05:57:47","guid":{"rendered":"http:\/\/www.esds.co.in\/blog\/?p=6353"},"modified":"2018-05-22T09:48:49","modified_gmt":"2018-05-22T09:48:49","slug":"bfsi-verticals-evolution-with-cloud","status":"publish","type":"post","link":"https:\/\/www.esds.co.in\/blog\/bfsi-verticals-evolution-with-cloud\/","title":{"rendered":"BFSI vertical\u2019s evolution with Cloud"},"content":{"rendered":"<p><a href=\"https:\/\/www.esds.co.in\/blog\/wp-content\/uploads\/2015\/08\/BFSI-vertical\u2019s-evolution-with-Cloud.png\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-6354 size-full\" src=\"https:\/\/www.esds.co.in\/blog\/wp-content\/uploads\/2015\/08\/BFSI-vertical\u2019s-evolution-with-Cloud.png\" alt=\"BFSI vertical\u2019s evolution with Cloud\" width=\"750\" height=\"2698\" srcset=\"https:\/\/www.esds.co.in\/blog\/wp-content\/uploads\/2015\/08\/BFSI-vertical\u2019s-evolution-with-Cloud.png 750w, https:\/\/www.esds.co.in\/blog\/wp-content\/uploads\/2015\/08\/BFSI-vertical\u2019s-evolution-with-Cloud-83x300.png 83w, https:\/\/www.esds.co.in\/blog\/wp-content\/uploads\/2015\/08\/BFSI-vertical\u2019s-evolution-with-Cloud-285x1024.png 285w, https:\/\/www.esds.co.in\/blog\/wp-content\/uploads\/2015\/08\/BFSI-vertical\u2019s-evolution-with-Cloud-660x2374.png 660w\" sizes=\"auto, (max-width: 750px) 100vw, 750px\" \/><\/a><\/p><div id=\"ez-toc-container\" class=\"ez-toc-v2_0_76 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.esds.co.in\/blog\/bfsi-verticals-evolution-with-cloud\/#BFSI_verticals_evolution_with_Cloud\" >BFSI vertical\u2019s evolution with Cloud<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.esds.co.in\/blog\/bfsi-verticals-evolution-with-cloud\/#Challenges_mostly_faced_by_BFSI_in_India\" >Challenges mostly faced by BFSI in India<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.esds.co.in\/blog\/bfsi-verticals-evolution-with-cloud\/#Overcoming_challenges_with_Cloud\" >Overcoming challenges with Cloud<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.esds.co.in\/blog\/bfsi-verticals-evolution-with-cloud\/#Cloud_Reach_and_Scope_in_BFSI_Survey_with_CIOs_and_IT_decision_makers\" >Cloud Reach and Scope in BFSI: Survey with CIOs and IT decision makers<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n\n<h2 style=\"text-align: center;\"><span class=\"ez-toc-section\" id=\"BFSI_verticals_evolution_with_Cloud\"><\/span>BFSI vertical\u2019s evolution with Cloud<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><a href=\"https:\/\/www.esds.co.in\/enlight-cloud-hosting\"><strong>Cloud Computing<\/strong><\/a> is buzzing in technology spheres. Banking &amp; Financial Service Institutions are possibly the most advanced in terms of technology adoption and use it as a key differentiator, BFSI sector is not behind in leveraging advantages of Cloud technology too.<\/p>\n<p>Total expenditure by this sector on the cloud could reach approximately between 15b $ and 20b $ this year.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Challenges_mostly_faced_by_BFSI_in_India\"><\/span><strong>Challenges mostly faced by BFSI in India<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Risk management mechanism<\/li>\n<li>Technology adoption<\/li>\n<li>Lack of Flexibility<\/li>\n<li>Slow Time to market<\/li>\n<li>Low IT Budgets<\/li>\n<li>Lack of Scalability<\/li>\n<li>Regular Regulatory Compliances and Policies upgradation.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Overcoming_challenges_with_Cloud\"><\/span><strong>Overcoming challenges with Cloud<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Enterprise technology standardization : With Cloud now standardization of operations can be asserted<\/li>\n<li>Virtualization: Data is completely virtualized and can be managed centrally<\/li>\n<li>Mobility: Provides Flexibility of data access<\/li>\n<li>Time to market : Business agility improves and Time to market decreases<\/li>\n<li><a href=\"https:\/\/www.esds.co.in\/blog\/shift-cloud-scalability\/\"><strong>Scalability<\/strong> <\/a>: Cloud can be scaled vertically with increase and decrease of load<\/li>\n<li>Prominent cost savings : Cloud reduces CAPEX and OPEX resulting clear cost savings<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Cloud_Reach_and_Scope_in_BFSI_Survey_with_CIOs_and_IT_decision_makers\"><\/span><strong>Cloud Reach and Scope in BFSI: Survey with CIOs and IT decision makers<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>CIOs and IT decision makers in BFSI verticals expect to see the greater future investment in cloud.<\/p>\n<ul>\n<li>42 % expect SaaS spend will \u201cincrease significantly\u201d over the end of 2015,<\/li>\n<li>SaaS is the preferred option for 27 % of banks and insurers, with a further 42 % considering it for every IT project.<\/li>\n<li>49 % expect SaaS to see increased or significantly increased investment over the end of 2015. This will be focused on growth objectives for banks.<\/li>\n<li>80 % agreed with the view that SaaS enables organizations to respond more rapidly to market opportunities. Another 79 % agree that SaaS makes it easier for new entrants to the market.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Cloud is the buzz in the market and has catered many sectors, infographics points to the evolution of BFSI sector after adoption of cloud by this vertical.<\/p>\n","protected":false},"author":23,"featured_media":6356,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1309],"tags":[1339,1315,1345],"class_list":["post-6353","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-infographics","tag-bfsi","tag-cios","tag-cloud-computing"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.esds.co.in\/blog\/wp-json\/wp\/v2\/posts\/6353","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.esds.co.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.esds.co.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.esds.co.in\/blog\/wp-json\/wp\/v2\/users\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/www.esds.co.in\/blog\/wp-json\/wp\/v2\/comments?post=6353"}],"version-history":[{"count":5,"href":"https:\/\/www.esds.co.in\/blog\/wp-json\/wp\/v2\/posts\/6353\/revisions"}],"predecessor-version":[{"id":9046,"href":"https:\/\/www.esds.co.in\/blog\/wp-json\/wp\/v2\/posts\/6353\/revisions\/9046"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.esds.co.in\/blog\/wp-json\/wp\/v2\/media\/6356"}],"wp:attachment":[{"href":"https:\/\/www.esds.co.in\/blog\/wp-json\/wp\/v2\/media?parent=6353"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.esds.co.in\/blog\/wp-json\/wp\/v2\/categories?post=6353"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.esds.co.in\/blog\/wp-json\/wp\/v2\/tags?post=6353"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}