Getting nice ROI from cloud
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Getting nice ROI from cloud

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Earlier than making an enormous funding (of each cash and effort) of their journey to cloud, most banks need to know what sort of return they’ll get on that funding. Is there a strong enterprise case for transferring to cloud? I focus on the areas that see the most effective return on funding (ROI) from cloud with Keri Smith, who leads Accenture’s Applied Intelligence observe for Financial Services, in our ultimate Banking Cloud Altimeter Conversations video, Getting a Return on Cloud Funding. You may watch the video now: 



A lot of our purchasers are already seeing a considerable ROI from their cloud migration. Let’s check out a few of the key actions which are driving enterprise worth for banks as they make the journey to cloud. 

  1. Transfer your knowledge: Shifting knowledge to the cloud is without doubt one of the first steps many banks have taken on their cloud journey. That is, not less than partially, as a result of it normally leads to substantial and virtually instant value financial savings. On common, banks are seeing financial savings of about 20% from working their knowledge workloads within the cloud, though for some the quantity hits 40% and even 65%. Shifting knowledge features additionally helps banks to include extra synthetic intelligence and machine studying instruments to maximise the worth of their knowledge. Having that capacity to raised analyze knowledge can result in enhancements in acquisition, lead technology and cross-selling. Information that lives within the cloud additionally facilitates self-service reporting, higher knowledge visualization and simpler monitoring of KPIs. 
  2. Burst your work: A legacy mainframe has a set quantity of computing energy that must be portioned out throughout all the financial institution’s features. This may gradual processing down at busy instances. One of many benefits of the cloud is the chance for elastic scaling and burst computing. If you want extra computing energy, you merely enlist extra cloud servers to deal with the additional load. When the large burst of labor is finished, you may scale down once more and keep away from paying for a bigger cloud presence than you require to your on a regular basis workload.
  3. Migrate your core: It’s clear from what we see within the trade that the urgency round transferring core features to the cloud is rising for banks. There are vital value efficiencies and revenue-generating alternatives that may outcome from a core migration. Keri and I mentioned this problem in better depth in our earlier Banking Cloud Altimeter dialog, Good banks will transfer their core to the cloud now.

Banks that aren’t but working their core workload within the cloud are as a substitute sustaining legacy on-prem mainframes, that are costly to run and will must be modernized. Shifting your core to the cloud eliminates that vast mainframe expense. It additionally permits for rather more flexibility in working your core workload through the use of elastic scaling, as I discussed above.

Thanks for becoming a member of our Banking Cloud Altimeter conversations. To remain on prime of the newest in cloud, hold studying our ongoing publication, the Banking Cloud Altimeter

Learn extra

Contact me to design a cloud journey that may present nice ROI to your financial institution. 

Thanks to my colleague, Keri Smith, Utilized Intelligence Lead for Accenture Monetary Companies North America, for her contributions to this text and video. 

Disclaimer: This content material is supplied for common data functions and isn’t meant for use instead of session with our skilled advisors. Copyright© 2022 Accenture. All rights reserved. Accenture and its brand are registered logos of Accenture.

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