Financial Services and the cloud: Accelerating the compliance journey

In the financial services industry, there is a growing interest in the cloud and its advanced capabilities to improve existing operations and innovate and transform business. Yet, when it comes to cloud adoption and implementation, there is still a lot of confusion. The most common misperception: Regulation is a barrier to the cloud.

Debunking the cloud myth

Our team at Microsoft has spent the last seven years working closely with financial services regulators and found the opposite to be true. Regulations are tech neutral to cloud computing, and our experience is that regulators are more open to cloud technology than when we started this journey years ago. That said, there is a lot of banking regulation that comes into play when using cloud services, and both banks and regulators want to get it right. Regulators are also modernizing their laws to address cloud computing.

The role of technology vendors

As banks look to third-party vendors for cloud services, our role goes beyond providing a scalable platform they can use to run and operate their business. Technology providers are also responsible for helping them understand the cloud journey; providing both financial services organizations and regulators with transparency in how they manage and operate their cloud services; and ensuring their customers have the control and security of their data to meet their compliance obligations.

Accelerating the compliance journey

As a global cloud service provider, Microsoft has made significant investments in helping the financial services industry meet and manage its regulatory responsibilities and accelerate the compliance journey.

Here are a few ways we are doing this, read full blog here:

Discover your journey in Cloud Computing career, by preparing on following courses:

Where Cloud Computing Jobs Will Be In 2019

Demand for cloud computing expertise continues to increase exponentially and will accelerate in 2019. To better understand the current and future direction of cloud computing hiring trends, I utilized Gartner TalentNeuron. Gartner TalentNeuron is an online talent market intelligence portal with real-time labor market insights, including custom role analytics and executive-ready dashboards and presentations. Gartner TalentNeuron also supports a range of strategic initiatives covering talent, location, and competitive intelligence.

Gartner TalentNeuron maintains a database of more than one billion unique job listings and is collecting hiring trend data from more than 150 countries across six continents, resulting in 143GB of raw data being acquired daily. In response to many Forbes readers’ requests for recommendations on where to find a job in cloud computing, I contacted Gartner to gain access to TalentNeuron.

Find how many Cloud Computing jobs are standing in the current market, read here:

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Digital Transformation and Future Workforce

Digital transformation is upon us, and every industry and every business is part of it. Change is happening fast and many, if not all, industries are being redefined. Manufacturing, especially, has huge gains to realize from this disruption, as advanced technologies like IoT, artificial intelligence (AI), machine learning, mixed reality, digital twins, and blockchain empower manufacturers to improve efficiency, flexibility, and productivity through new levels of intelligence.

Of all the technologies reshaping our industry, I would say that AI plays one of the biggest roles here in terms of the disruption—and resulting opportunity—for both our industry and our workforce. AI has made large strides in recent years and is poised to open up new types of employment opportunities. The transformational possibilities of AI for manufacturers, employees and the industry-at-large are enormous.

However, as we look to a future powered by a partnership between computers and humans, it is important that we work to democratize AI for every person and every organization – something Microsoft is deeply focused on.

Two critical data points, from recent research, to establish the enormity of change:

  • Machines complete 29% of tasks today, which is expected to go up to 71% by 2025.
  • 75 million jobs to be displaced by automation and 133 million new jobs to be created between 2018-2022.

Read full blog here:

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Azure Global Infrastructure

Achieve global reach and the local presence you need

Go beyond the limits of your on-premises datacenter using the scalable, trusted and reliable Microsoft Cloud. Transform your business and reduce costs with an energy-efficient infrastructure spanning more than 100 highly secure facilities worldwide, linked by one of the largest networks on earth.

Deliver services confidently with a cloud you can trust

 

 Scale globally- Reach more locations, faster, with the performance and reliability of a vast global infrastructure.
 Safeguard data- Rely on industry-leading data security in the region and across our network.
 Promote sustainability- Help build a clean-energy future and accelerate progress toward your sustainability goals.

Let Azure keep your data secure

Azure safeguards data in facilities that are protected by industry-leading physical security systems and are compliant with a comprehensive portfolio of standards and regulations.

Read the full blog here: https://azure.microsoft.com/en-in/global-infrastructure/

Join a sustainable IT future by joining the following courses:

Azure Infrastructure Specialist

Azure Developer

Technical Architect

Access training for New Azure certifications

AZ-301 Microsoft Azure Architect Design Training

Installation, Storage, and computer with Windows Server 2016 – 70-740

Networking with Windows Server 2016 – 70-741

Identity with Windows Server 2016 – 70-742

 

What is cloud computing?

Simply put, cloud computing is the delivery of computing services—servers, storage, databases, networking, software, analytics, intelligence and more—over the Internet (“the cloud”) to offer faster innovation, flexible resources, and economies of scale. You typically pay only for cloud services you use, helping lower your operating costs, run your infrastructure more efficiently, and scale as your business needs change.

Top benefits of cloud computing

  • Cost
  • Speed
  • Global scale
  • Productivity
  • Performance
  • Security

Types of cloud computing

  • Public cloud
  • Private cloud
  • Hybrid cloud

Types of cloud services:

  • IaaS
  • PaaS
  • serverless
  • SaaS

Also know more about, How cloud computing works & Uses of cloud computing,

By clicking on following links:

https://azure.microsoft.com/en-us/overview/what-is-cloud-computing/https://www.infoworld.com/article/2683784/what-is-cloud-computing.htmlhttps://azure.microsoft.com/en-in/overview/future-of-cloud/

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