Moving Your Bank to the Cloud: Getting Started

Moving Your Bank to the Cloud: Getting Started

90% of businesses have adopted the cloud to some degree or in some form as of today. As more businesses move forward with their cloud initiatives, they discover that a one-size-fits-all strategy is ineffective, which forces them to adopt a hybrid or multi-cloud strategy. There is still plenty of room for better and more meaningful cloud adoption, which will in turn help optimize capital and operational costs globally. Currently, only about 20–40% of enterprise workloads are in the cloud.

Getting Started On Your Cloud Journey

According to a Deloitte report, the adoption of cloud computing is difficult for 65% of banks. Success depends on finding the appropriate cloud services and solutions to satisfy your bank's or financial institution's unique needs. To do this, it's crucial to comprehend the benefits of moving to the cloud, as well as its drawbacks, and how to choose the best cloud service provider.

In a cloud, consumers have access to an infinite amount of resources, which relieves them of the need to buy hardware, shell out money, or worry about how to scale their infrastructure up and down to meet demands. Cloud environments give you the power to use the platform as a service or infrastructure as a service to accelerate digital transformation across your organization.

Public, private, and hybrid cloud deployment models are all viable options, and each has benefits and drawbacks of its own. Cloud computing can be implemented in a public cloud environment with appropriate security controls and governance, or it can be implemented in a private setting, meaning it is protected within the walls of either the customer or a service provider.

By running all of their workloads in public cloud environments, businesses are able to lower maintenance and operational costs. An organization may think about keeping a private cloud deployment while integrating it with the public cloud if everything cannot be moved into the public cloud due to latency or proximity issues. With the help of high-speed connectivity between locations, this method combines the best-of-breed solutions to produce a unique solution that is tailored to the needs of a given business.

The Value of a Managed IT Service Provider for Cloud Services

It's challenging for a company to stay current with cloud and security technology while also focusing on managing and expanding its business. Technologies, processes, and procedures are constantly being developed that will help businesses expand more quickly. A cloud service provider makes it their business to stay on top of technological developments and will make sure they always have the right alliances, ecosystem, and services to satisfy their clients' needs.

In addition, success in running a technology organization depends on finding, developing, and keeping the right talent. Enterprises can concentrate on expanding and managing their own businesses more easily by utilizing a managed IT service provider.

Another clear advantage that businesses get from working with a service provider partner is the assurance of the safety and security of sensitive data in a world where bad guys are frequently one step ahead. A service provider partner will bring tried-and-true best practices and support models that have worked for many clients. You receive a solution from a service provider that is based on the lessons and case studies of other customers and the overall market.

What Function Does Automation Have in a Cloud-Based Environment?

Automation increases productivity and lessens the company's reliance on human resources. It enables the ability to maintain order while offering a level of service where operational and maintenance procedures are not subject to human error. Greater productivity and service quality result from fewer outages and downtime. Productivity gains, error reduction, cost savings, process standardization, and audit function support are all made possible by automation. An organization can shorten the time it takes to market new solutions by identifying and automating processes, which speeds up ROI.

Be proactive rather than reactive when it comes to the security of your company.

Integration of security is necessary, and cloud security is no exception. The success of an enterprise depends on how well it safeguards customer information and intellectual property. All processes and environments must have security built in to ensure that all potential attack vectors are covered.

Security must be a key component of application development, cloud adoption, ongoing maintenance, and support in order to accomplish this. It can't be a last-minute decision. A cloud service provider offers better visibility and safer environments because they are aware of this.

Related: Process Automation - Choosing the Ideal Managed Service Provider

What Sitech Offers as a Provider of Cloud Services

Global enterprises and startups received assistance from Sitech on their cloud migration journeys, and no two migrations are ever alike. From servers to applications running in hybrid cloud environments, we provide our clients with premier, integrated cloud services and years of cloud experience.

Financial institutions gain a partner in Sitech who successfully migrated applications of all shapes and sizes to public, private, and hybrid clouds while providing top-notch ongoing customer service. At Sitech, we view cloud partnerships as equally important to security, and we have the investments and partnerships to back it up.

No matter where you are in your cloud journey, Sitech is your all-encompassing cloud services partner.

Contact us today for a free consultation.