9 January 2017
Cloud as a Solution to Legacy System Problems, Part 2: 6 Steps to Cloud Migration
In the second part of the article series for TabbFORUM Cliff Moyce, Global Head of the Finance Practice at DataArt, lists specific steps that financial institutions should take when implementing cloud migration.
“The main benefit of cloud migration for financial institutions is the opportunity to rationalize systems, applications, databases, data sources, etc., and thus eliminate large amounts of the redundancy usually seen in such environments.
By doing so, IT-based business operations will become easier and cheaper to deliver and support, as well as being more accurate, timely and secure.
As data protection, cyber security and cost-effectiveness become bigger and bigger factors in the environment, cloud will move from being an option to being a business necessity. Knowing how to migrate to cloud will become a differentiating factor in continued and future business success.”