{"id":6884,"date":"2016-02-23T12:31:43","date_gmt":"2016-02-23T12:31:43","guid":{"rendered":"http:\/\/www.esds.co.in\/blog\/?p=6884"},"modified":"2018-05-14T10:47:00","modified_gmt":"2018-05-14T10:47:00","slug":"cloud-adoption-definitely-boosts-financial-services","status":"publish","type":"post","link":"https:\/\/www.esds.co.in\/blog\/cloud-adoption-definitely-boosts-financial-services\/","title":{"rendered":"Cloud Adoption Definitely Boosts Financial Services"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-6885\" src=\"https:\/\/www.esds.co.in\/blog\/wp-content\/uploads\/2016\/02\/cloud-computing-the-financial-services.png\" alt=\"cloud computing &amp; the financial services\" width=\"674\" height=\"400\" srcset=\"https:\/\/www.esds.co.in\/blog\/wp-content\/uploads\/2016\/02\/cloud-computing-the-financial-services.png 674w, https:\/\/www.esds.co.in\/blog\/wp-content\/uploads\/2016\/02\/cloud-computing-the-financial-services-300x178.png 300w, https:\/\/www.esds.co.in\/blog\/wp-content\/uploads\/2016\/02\/cloud-computing-the-financial-services-660x392.png 660w\" sizes=\"auto, (max-width: 674px) 100vw, 674px\" \/><\/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\/cloud-adoption-definitely-boosts-financial-services\/#Some_Dubious_Sectors_Reluctant_to_Join_the_Cloud\" >Some Dubious Sectors Reluctant to Join the Cloud<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.esds.co.in\/blog\/cloud-adoption-definitely-boosts-financial-services\/#But_in_General_Terms_the_%E2%80%98ayes_Have_It\" >But in General Terms, the \u2018ayes\u2019 Have It<\/a><\/li><\/ul><\/nav><\/div>\n\n<p style=\"text-align: justify;\">Jubilation has at last sounded from the cloud camp amidst the good tidings, that financial services have made a move in adopting the cloud. It now becomes the storage bank into which they can deposit their own data and benefit from data that other entities have put into the cloud. <strong>The move has been long in coming, but users can now get themselves unmatched services offered by the cloud.<\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Some_Dubious_Sectors_Reluctant_to_Join_the_Cloud\"><\/span>Some Dubious Sectors Reluctant to Join the Cloud<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\">Some financial service sectors are still dubious about joining the cloud revolution in data storage, management, control and dissemination. The main hurdle against swift entry into the cloud is the absence of clearly defined <a href=\"https:\/\/www.esds.co.in\/mtvscan\/mtvscan-security\"><strong>Security<\/strong> <\/a>strategies that include, among others, encrypting of data, more transparency and controlled audits.<\/p>\n<p style=\"text-align: justify;\">Robust data protection is considered by these non-joiners as critically important for them even before they consider joining up with the cloud. They view security issues such as general visibility with sensitive and customized controls as mandatory and are not prepared to accept anything less.<\/p>\n<p style=\"text-align: justify;\">Nevertheless firms that voice this type of thinking are in the minority, <strong>making up only 18% <\/strong>of the financial services sector, but interestingly are at some stage of using <a href=\"https:\/\/www.esds.co.in\/enlight360\"><strong>on-premise<\/strong><\/a> and <a href=\"https:\/\/www.esds.co.in\/private-cloud-hosting\"><strong>private cloud<\/strong> <\/a>solutions. Their straight \u2018nay\u2019 is voiced against the use of the <a href=\"https:\/\/www.esds.co.in\/enlight-cloud-hosting\"><strong>public cloud<\/strong><\/a> storage infrastructures.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"But_in_General_Terms_the_%E2%80%98ayes_Have_It\"><\/span>But in General Terms, the \u2018ayes\u2019 Have It<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\">In general, responses of potential customers in favor of cloud adoption has been overwhelming with <strong>an impressive 70%<\/strong> making the choice of adopting the cloud, although tending more towards public cloud usage than staying with hybrid cloud.<\/p>\n<p style=\"text-align: justify;\">Nevertheless, even though the financial services sector has capitulated to the cloud for obvious reasons, the whole financial sector itself has not made a similar move for reasons of their own. The snag appears to be security related despite the very stringent security and level of financial services that the cloud offers potential customers.<\/p>\n<p style=\"text-align: justify;\">It makes little difference which cloud sector financial services users prefer, whether public, private or <a href=\"https:\/\/www.esds.co.in\/hybrid-cloud-hosting\"><strong>hybrid<\/strong> <\/a>as the different sectors provide the best security solution available. By using them, these customers will be able to speed up their cloud-based programs and start experiencing a unique data delivery service so far unmatched by other data storage providers.<\/p>\n<p style=\"text-align: justify;\"><strong>The capacity of cloud infrastructure is unprecedented in scalability and flexibility<\/strong>. The type of deliverables that cloud can perform are just too diverse, and of such quality that they are not found elsewhere. There are special solutions provided for large enterprises as well as medium and small firms.<\/p>\n<p style=\"text-align: justify;\">So while in essence it may appear that the adoption of the cloud by the financial services sector is a foregone conclusion, it may well be prudent to point out that more improvements have to made to the cloud\u2019s other data storage capabilities, like on-premise and hybrid systems, so that customers may have easily accessible and affordable data storage available at their fingertips.<\/p>\n<p>Do you agree with what has been discussed above? Please inform us or your views in the column space below.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The above tries to point out that a decision to adopt the cloud will definitely speed up processes that are involved in delivering financial services. <\/p>\n","protected":false},"author":81,"featured_media":6885,"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":[15],"tags":[1445],"class_list":["post-6884","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cloud-computing","tag-cloud-computing-in-financial-services"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.esds.co.in\/blog\/wp-json\/wp\/v2\/posts\/6884","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\/81"}],"replies":[{"embeddable":true,"href":"https:\/\/www.esds.co.in\/blog\/wp-json\/wp\/v2\/comments?post=6884"}],"version-history":[{"count":3,"href":"https:\/\/www.esds.co.in\/blog\/wp-json\/wp\/v2\/posts\/6884\/revisions"}],"predecessor-version":[{"id":8887,"href":"https:\/\/www.esds.co.in\/blog\/wp-json\/wp\/v2\/posts\/6884\/revisions\/8887"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.esds.co.in\/blog\/wp-json\/wp\/v2\/media\/6885"}],"wp:attachment":[{"href":"https:\/\/www.esds.co.in\/blog\/wp-json\/wp\/v2\/media?parent=6884"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.esds.co.in\/blog\/wp-json\/wp\/v2\/categories?post=6884"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.esds.co.in\/blog\/wp-json\/wp\/v2\/tags?post=6884"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}