How businesses and investors can ride the cloud computing boom

Grazed from EJInsight. Author: Raymond Tsoi.

Cloud computing is now seen essential for businesses to improve their cost-efficiency and scalability. But there is a debate going on as to which functions should be transitioned to the cloud, and what it means for the companies in terms of data security and other aspects. To provide some insights on the issue, EJ Insight presents the views of Krupal Raval, senior vice president (finance) at Digital Realty, a data center operator which has a wide range of clients including financial services firms, manufacturing enterprises and IT services entities.

Q. Can you tell us how cloud computing is driving innovation in the finance industry?

A: Cloud computing offers characteristics that can support the exchange of information and provide the infrastructure needed for financial services firms looking to implement technologies. Especially in the finance industry, due to the nature of the data hosted in the data center, it is imperative to ensure that their business-critical IT infrastructure remains up and running 24/7. Any interruption in connectivity for financial institutions’ critical systems could be catastrophic to the business and its customers…

Read more from the source @ http://www.ejinsight.com/20160629-how-businesses-and-investors-can-ride-the-cloud-computing-boom/