Where’s my IT department?

Interestingly, the cloud computing keynote and panel sessions at Sibos didn’t approach cloud computing from an IT angle as it is often done but truly from a business perspective.

Why are we interested in cloud computing in banking? Is it because of the economies of capital expenditure that we can achieve through virtualisation? Or is it because of the economies of operational expenditure we can achieve through standardisation and automation? Well, those will definitely help to build the business case for cloud in your organisation. However, the real business benefit of cloud is agility.

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