With unprecedented growth of data, larger files, and more distributed workforces, businesses are showing a strong reliance on a mix of cloud and on-premises infrastructure

The cloud is a tremendous convenience for enterprises. Running a data center is expensive – doing so not only requires buying a lot of servers, cable and networking appliances but also electricity, labor costs, cooling and physical space. Services like Amazon’s AWS, Microsoft’s Azure, Oracle’s Cloud and Google’s Cloud Platform give businesses the benefits of having a data center without the expensive overhead and related hassles.

You’ve probably been hearing about the cloud a lot, and with the increasing number of businesses moving their data online, it’s obvious that cloud computing and security are here to stay. With a number of benefits like data security, minimized risks, regulatory compliance, flexibility, round-the-clock availability, uninterrupted maintenance and support, and more, the cloud can help you manage your business easily.

Cloud computing is not a new name anymore, and its adoption is growing consistently across various industries. Public cloud is a disruptive technology, irresistible to the Financial Services Industry (FSI) due to its tremendous benefits, including agility, elasticity, time to market and on-demand provisioning, to name a few. However, there are genuine concerns about the cloud’s adoption in FSI, and cloud providers are also innovating to meet the challenges faced by FSI.