The financial services industry faces a critical juncture. Cloud adoption is no longer optional – it's imperative for ensuring robust data management, governance, and security. By taking decisive action now, financial institutions unlock a path to accelerated innovation.
Cloud adoption can transform businesses and create opportunities in the following ways:
Faster speed to market
Data-driven business models
Broad digital capabilities
Reduction in operational costs
Increased organizational agility
Cloud adoption offers undeniable advantages, but significant change can trigger concerns. Financial services institutions often worry about potential cost overruns and security vulnerabilities. How can we effectively manage costs and mitigate risk while preserving agility and achieving desired business objectives?
Determining the Ideal Cloud Strategy
To help decide, Microsoft, in collaboration with Deutsche Börse, a leading financial market infrastructure provider, has developed a novel cloud adoption framework. This framework empowers financial services decision-makers to navigate their cloud journey with greater clarity. It leverages a data-driven measurement model across nine key areas, encompassing infrastructure, architecture, data management, and innovation considerations. This comprehensive approach empowers financial institutions to make informed decisions aligned with their organizational goals.
Deutsche Börse Group’s risk-based cloud adoption model
While each cloud adoption path holds merit based on an organization's unique requirements, Deutsche Börse prioritized data-centric considerations. Their focus was on leveraging data to assess risk across their application portfolio. These insights then informed the suitability and prioritization of applications for cloud migration. This data-driven approach culminated in a risk-based cloud adoption strategy, which they detail in this paper. Their work offers valuable insights for the financial services industry on utilizing risk assessment as a guiding principle for sequencing application migration to the cloud.
Make a controlled move to the cloud
To empower your cloud adoption journey, download our white paper, "Measuring the Value of Cloud Adoption." This insightful resource provides a framework for evaluating different cloud strategies and aligning them with your specific business goals. Remember, effective cloud migration begins with measurement. Download the white paper today and embark on your cloud success story!
Embrace cloud adoption and unlock long-term success. Microsoft Cloud for Financial Services empowers financial institutions to leverage advanced capabilities that drive innovation for sustainable growth. This industry-specific solution enhances security, privacy, and compliance, while enabling the development of groundbreaking new business models. Explore Microsoft Cloud for Financial Services and propel your organisation towards a future of innovation and competitive advantage.