Over the past decade, worldwide data growth has prompted financial institutions to meet the new data world, in the cloud, where:
– Data can be reliably and securely accessed by anyone at any time.
– The tools to manipulate and analyze data are readily available on a metered basis.
– Massive computing resources can be provisioned on demand.
– Storage capacity is abundant and demands less operational overhead.
Today, financial institutions are looking to public cloud to provide not just accessible data and tooling but also a post-proximity business model1 that doesnt require expensive upkeep or expose the enterprise to unpredictable, localized risks.