cloud digital services for mobile banking Source: Shutterstock.

Cloud services are transforming business operations in the financial sector and beyond. In a recent survey from Celent, more than half of financial institutions reported they expect to run their systems in the cloud within the next five years. Furthermore, the public cloud supports more digital and remote operations, making cloud usage likely to continue growing within the financial industry.

Generally, the public cloud refers to a type of cloud computing where resources are publicly available for subscription and consumption by an organization. Referred to by IBM as “one of the most important shifts in the history of enterprise computing,” adoption of the public cloud is growing as organizations become more familiar with the plethora of benefits the technology provides.

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