Cloud indeed bring many benefits to the company. However, security concerns still a scourge in the application of this platform in many industries, especially the banking sector. Based on the survey results of the Cloud Security Alliance in 2015, the main reason why companies in the financial sector (including banks) do not adopt cloud security is a concern. Things that concern the case if banks implement cloud as an example: data breaches, loss of control over the data, to cyber attacks.
Such major security concerns prompted the government to implement strict rules regarding the implementation of cloud technology to the banking sector.
Indeed, one of the utilization of cloud technology is to store the data, but there are many other things that can be explored by the bank in order to improve the quality of service to customers – in the midst of intense competition in the banking sector today. Strategic planning and provide architectural solutions and security to the entire IT system gives his views on some of the use of cloud technology that may be, among others :
Allows Mobility Workload
Workload mobility brings flexibility and agility for IT banking system, which previously was not possible due to hardware limitations and collided with the storage device. With scrape unnecessary workload on the operating system, as well as storage devices and server layer, the bank’s IT team is now able to deploy quickly whenever needed.
Resetting Return on Equity
According to Gartner, a poor return on equity will drive more than 60 percent of banks around the world to process most of their transactions in the cloud. Cloud also can help them to improve the utilization rate. However, at the same time also can reduce the investment of on-premise equipment and software licenses.
Become more customer-centric
Intense competition in the banking sector forced the bank to be able to present a variety of new services, in accordance with the needs and desires of their customers and prospective customers, for the continuation of the business. One effective tool to enable this is the analysis of Big Data. By utilizing these tools, the bank will be able to identify and maximize the potential of a growing trend among the people. However, the cost of investment needed to build the infrastructure on-premise tool is to be a tough challenge for banks, especially in the current economic climate. Therefore, cloud increasingly be the right choice as a platform for the analysis of Big Data.
Innovation is one of the reasons why cloud increasingly in demand by banks. Banks are always looking for ways to be able to offer their customers a range of innovative services and the latest features in a variety of platforms quickly, in order to increase his lead. Cloud be the answer because it offers an optimal performance for delivery of services to a wide range of platforms. This sparked a growing interest in the bank for this technology, particularly in the cloud orchestration solution to manage many applications spread across the data center.
Ease of test platform
Cloud offers an opportunity for banks to speed up the time needed to test and implement new services, which are needed by customers as well as their own employees. With the service development cycle shorter, increasing the demand for new services is increasing as well as the rejection of the software that is not fully prepared, more and more banks to use the cloud as a platform to test the service.
Security may still be a frightening specter for the banking industry to implement cloud technology. But five of the above proves that even though there are concerns and fears of the cloud, the technology can still be used by the bank and be able to work together with on-premise data center that has been owned. Thus, the bank can provide excellent service to its customers on an ongoing basis.