Critical Drivers and Steps to Maximize Cloud Investments for Banks and Financial Services
NTT DATA and Everest Group experts explore the critical drivers and steps to maximize cloud investments for banking and financial services companies.
Date
9-1-2022 - 3-22-2023
On Demand
Location
Webinar
A recent Everest Group global study on banking and financial services cloud initiatives found that on average, only 20-30% of workloads are in the cloud, and most cloud applications lack complexity.
The report also reveals that more than 70% of executives face challenges in realizing cloud benefits and over 88% say maximizing value acceleration from cloud investments is a top strategic priority.
The report identified five key drivers for cloud adaptation for banking and financial firms:
- Reduced time to market
- Improved customer experience
- Reduced risk and compliance costs
- Overall reduced costs
- Increased revenue
Four steps for banks and financial services to maximize cloud initiative value were also included:
- Sequence the cloud migration and cloud-native builds
- Design data-driven operations
- Unlock the power of the ecosystem
- Adopt a hybrid-cloud model to deploy and scale solutions
Watch this panel discussion by experts on the critical drivers and steps to maximize cloud investments.
What You’ll Learn:
- Which drivers are more pronounced in different regions of the world
- Details about the four steps and whether there are differences in different regions of the world
- How these steps fit in a bank modernization journey