The Cost Dimension of The Cloud

Share on facebook
Share on google
Share on twitter
Share on linkedin

How Financial Service Companies Are Moving Towards the Cloud 

Technology moves at a break-neck pace, and has left many financial institutions behind. Modern programming languages that most other industries have adapted to have not been adopted by most financial service organizations. Updating systems may be costly, but CIOs across many businesses are looking adapting to the cloud.

The main driving force behind this shift? Here are some of the benefits of the cloud:

  • Infinite – or near infinite– computing and storage
  • Substantial cost savings
  • Improved availability and uptime
  • Less cumbersome to manage internally

For companies that have a vast amount of data to handle and store, cloud is the strategic option.

As Jesus Pena, VP of Sales at UDT (UDT) explains, “We have a customer — an insurance company that has 40TB of data it has to back up and move.” It’s in these situations that cloud really plays a crucial role. As Pena points out, “It really becomes inexpensive, especially compared to the capital investment cycle they have to go through when it comes to implementing technology like storage area networks (SANs), it’s not just the hardware, it’s the warranty and support too — the whole infrastructure needed to support the SAN.”

Focus time, money, and effort on what really matters

Let’s build success together. 

More to explore

SOC Solutions

The 9 Main Benefits of SOC Solutions

The Security and Operations Center (SOC) is where the cybersecurity strategy of a business is coordinated and implemented. It is composed of the three building blocks of people, processes and technology that go hand in hand to manage and enhance the organization’s security posture.

Multi-Factor Authentication

Seven Benefits of Multi-Factor Authentication

Hackers are using increasingly sophisticated tactics to gain data access. Email phishing, keylogging, brute force attacks and social engineering are among the variety of ways to gain access credentials.

Just one more step

Please fill out the following form,