Pinkesh Kotecha’s Post

In today's digital age, the financial sector stands at the forefront of innovation, constantly evolving to meet the demands of an increasingly tech-savvy consumer base. One of the most significant transformations within this sector has been the migration to cloud computing. Know more https://lnkd.in/gGhaNVPD #ogmaconceptions #cloudcomputing #business #strategy #website #mobileapps

Insightful article! It's great to see how cloud technology is playing such a crucial role in building trust in data sharing and availability. The author's perspective on the benefits of cloud technology is truly enlightening. By highlighting the scalability, security, and cost-efficiency of cloud solutions, they make a compelling case for embracing this technology. It's fascinating how cloud technology is transforming the fintech industry and revolutionising data management practices. Keep up the great work! #cloudtechnology

2024 is set to be another year of record cloud spending... Is your business ready? Our CEO Eldar Tuvey spoke to TechInformed about how the most successful companies will balance cloud growth and innovation with a clear FinOps strategy. Full article below ☁️

Banks moved 15% of their workload into the cloud by 2022, nearly double the prior year, but most of that work represents relatively “easy” wins, including systems for IT, sales and marketing, human resources, and finance. But the opportunity remains massive, with 85% not yet migrated and stuck in legacy systems. Still, there's a lot of progress, especially as concerns about cybersecurity eases. My latest for Fortune. And I'm still looking to chat with retailers for an upcoming story for this cloud series. #retail #retailers #cloud #cloudcomputing https://lnkd.in/gSaBTTHu

In the cloud landscape of 2024, budgets make little room for cloud spending, yet AI calls for more cloud adoption, according to experts in the field. We’ve compiled four cloud predictions for the coming year ☁️ With costs surging by 35% annually, finance leaders are set to seize control from engineering teams. On the security front, ransomware attacks and data breaches loom large, intensifying the focus on cloud computing security. As AI's footprint expands and cloud adoption rises, this necessitates a shift to an open cloud interaction platform. Additionally, vertical-specific clouds are anticipated to gain momentum, delivering industry-centric use cases focused on business outcomes. We find out more about these predictions from industry leaders. Read more in the article below. Eldar Tuvey, Vertice | Johnny Carpenter, 11:11 Systems | Carl Shallow, Integrity360 | Rajasekar Sukumar, Persistent Systems | Dirk Martin, SERVICEWARE | Tom Henson, Emerge Digital | Barry Cooper, NICE | Kiran Minnasandram, Wipro | Charlie Li, NTT DATA #CloudComputing #AI #CyberSecurity #Tech2024 #TechPredictions #cloud

  At Principal Financial Group, we believe in driving innovation to enhance our customer experiences. We’ve harnessed the power of #technology to address business challenges, unlock new #opportunities, exceed customer expectations and evolve with #agility. Recently, I met with Fortune's John Kell to discuss the #CloudFirst thinking that helps us create brighter financial futures for our customers. Full article: 👉 https://lnkd.in/dX4Emzjy

From online banking to team event photos, everything's happening in the cloud. ☁️ Studies confirm: Cloud computing is the key to staying competitive in business. And access control is no exception to this. In today's digital era, it's not just smart—it's essential. Read here why your business should make the shift to cloud-based access control for enhanced security, improved convenience, and more. Don't miss out 👉 https://lnkd.in/d2SAwpZA #accesscontrol #mobileaccess

As the financial sector increasingly adopts hybrid cloud solutions, the need for flexible, secure, and sustainable cloud strategies has never been greater. This shift, driven by data security concerns and regulatory requirements, underscores the importance of robust and adaptable IT infrastructures. At MDW Group, Inc, we are committed to providing cutting-edge solutions that meet the evolving needs of financial firms and any business, ensuring they remain resilient and competitive. #CloudComputing #HybridCloud #FinancialServices #MDWGroup #DataSecurity #RegTech #DigitalTransformation #ITInfrastructure #TechInnovation #CloudSolutions https://lnkd.in/erefUtAq

Data security and cost are key cloud adoption challenges for financial industry: 91% of banks and insurance companies have now initiated their cloud journey, a significant increase from 2020, when only 37% of firms had embarked on their cloud transformations, according to Capgemini. However, this high rate and its corresponding investment does not translate to effective cloud adoption at scale. More than 50% of firms surveyed have only moved a minimal portion of their core business applications to the cloud. 89% of financial services executives believe that … More → The post Data security and cost are key cloud adoption challenges for financial industry appeared first on Help Net Security. @Poseidon-US #HelpNetSecurity #Cybersecurity