Accoridng to the post The financial services sector appears to be embracing cloud computing with relish, albeit a little later than many other sectors. Seventy one percent of financial services companies surveyed by PricewaterhouseCoopers said they would invest more in cloud services in 2013 than they did in 2012.
In its Digital IQ Snapshot published in March 2013, PwC said: “Of the industries already investing in public cloud applications, financial services industry respondents say most often (71 percent) that they will invest more here this year.” It added: “They may be playing catch up as only 18 percent invested here in 2012, compared to 47 percent of technology industry respondents.”
According to PwC, “Agile companies are inventing new business models around the cloud to decrease time to market, create operational efficiencies and engage customers in new ways. With the cloud, the sky’s the limit. Regardless of whether a company is using a public or private cloud, companies can transform IT departments, streamline and scale operations and fuel innovation. The cloud’s agility enables companies to create new products and services to deepen connections with customers and generate new sources of revenue. No wonder companies are braving the transition.”
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