Friday, July 16, 2021

Cloud Computing has Upside for Banks, Also Brings Risk

Every technology choice carries some risk as well as reward. Cloud computing, for example, exposes banks to risk, as the available suppliers are few, implying switching costs and barriers. 


On the other hand, use of hyperscale computing facilities potentially can reduce infrastructure costs 30 percent to 50 percent, estimates the Bank of England. 


source: Bank of England 


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