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. Organizations 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 is cloud adoption urgent for financial services?
The financial services industry is facing unprecedented urgency due to the need for reliable data management, governance, and security. By adopting cloud solutions, organizations can quickly discover new paths to innovation, reduce operational costs, increase agility, and enhance their speed to market.
How can organizations manage risks during cloud migration?
Organizations can adopt a risk-based cloud adoption strategy, as developed by Deutsche Börse, which focuses on assessing risk across their application portfolio. This approach helps determine the priority for cloud migration and allows organizations to sequence their application migration effectively, ensuring they manage costs and risks while remaining agile.
What benefits does cloud adoption offer?
Cloud adoption can transform businesses by providing a reduction in operational costs, increased organizational agility, faster speed to market, and the ability to implement data-driven business models. Additionally, it enhances digital capabilities, security, privacy, and compliance, setting organizations up for long-term success.
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