|

Cloud Computing and Finance _A Revolution

The world has been shifted towards incredible and  most modern technologies especially in the field of Information Technology. Within much shorter span of time, you can have access to almost every corner of the world. The increasing usage of internet and other online technologies have invented and promoted the amazing concept of cloud computing, in almost every field, making the life easy to live. Internet marketing, online intelligence tools, E-commerce etc are some of the miracles associated with basic cloud computing concept. The term refers to the delivery of the various kind of products or hosted services over the internet. This has been labeled as a revolutionary step in the field of finance as well.

Why cloud computing in finance?                                                            

Satisfying a client’s exact need, giving them a specific creation that brands their business as an all in single virtual office way out, is often the most exigent problem. Especially, in the field of finance, where fierce competition has been seen , meeting the demands of the user is bit difficult when it comes to sell financial services through online technologies. However, this revolution has , no doubt , promoted the idea of quick accessibility of financial services by the consumers, healthy completion in financial market resulting in more quality products and financial services. Along with making the life of users comfortable, cloud computing has done wonders in terms of giving benefits to the financial firms. Saving IT expenditures of the business, providing security and full time access to services, more scalability, improving mutual collaboration between accountants, the firm and clients, shifting away from the old hardware infrastructure towards IT management and generating higher probability to increase revenue streams, are some of the revolutionary results, that the cloud computing has brought in the area of finance all over the world.

Short URL: http://vertical-cloud.com/?p=3247

Posted by on Mar 23 2012. Filed under Banking / Finance. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry
  • Sridhar Somaraju

    Very high level, you should articulate more specific benefits related to retail, corporate and investment world of banking

cloud computing conference 2012
cloud computing conference 2013, cloud slam, santa clara, california cloud event, ibm, sponsor cloud computing conference 2014, cloud slam, san francisco, june 2014, california cloud event, dell, sponsor cloud computing conference 2013

Recently Commented

  • stan: The cause cannot always be the company; instead, it must also be managers’ pursuit of their own values within...
  • Darryl Ragantesi, guest: Darn, Interviewer could not get to the guts into what Mike is into. It’s all high...
  • Steven Woodward: As a leader at several Cloud SDOs I appreciate the efforts that CISCO puts forward in several...
  • Steven Woodward: As a leader at several Cloud SDOs I appreciate the efforts that CISCO puts forward in several...
  • Sridhar Somaraju: Very high level, you should articulate more specific benefits related to retail, corporate and...

Get weekly updates

Receive latest cloud news in your inbox