With the financial services industry facing challenges in data management reliability, governance and security, there is no time to waste on moving to the cloud. Organisations that act decisively in cloud adoption will quickly discover new paths to innovation. In this Microsoft Industry Blog post, Microsoft CTO Laurent Verdier outlines the transformative benefits of moving to the cloud and provides tips for determining and taking the best path. Read the blog for ideas on how cloud adoption can set you up for long-term success.
Why should financial services organizations move to the cloud?
Cloud adoption can reshape financial services organizations by reducing operational costs, increasing organizational agility, and enabling faster speed to market. It also supports the development of data-driven business models and broad digital capabilities, which are essential in today's fast-paced environment.
How can organizations manage risks during cloud migration?
Organizations can adopt a risk-based cloud adoption strategy, as demonstrated by Deutsche Börse. This involves assessing risk across their application portfolio and using insights to prioritize cloud migration. By focusing on data and risk assessment, organizations can sequence their migration effectively while managing potential risks.
What is the importance of measurement in cloud adoption?
Measurement is essential because it provides the foundation for managing the cloud adoption process. As stated, 'you cannot manage what you cannot measure.' By establishing a data-driven model of measurement, organizations can better inform their cloud strategies and ensure they achieve the desired business outcomes.
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