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Financial Institution Shareholders steer IT Conversation towards Cloud Computing

Since cloud for industries has been on my mind lately, I read the HP Industry Edge Financial Services edition with great interest. The article  by Jim Scurlock caught my attention because he is discussing how shareholders within forward-looking financial institutions are changing the conversation around IT. Their focus is not just on the newest technology on the block or exercising control over the operational expenses. Scurlock says their focus is more on maximizing shareholder value. He goes on to share the 4 steps that form the basis for driving the conversation around IT.

 

I find that these 4 steps reinforce the need for cloud computing-based solutions in the financial industry. Let me explain how:

Financial Industry Trends: Cloud, Mobility, Security and Social Media

As I watch Larry Ryan, HP CTO for the financial industry, discuss various trends with Brad Schlagenhauf, marketing strategist, in this video from HP Discover, a couple of my related blog posts come to mind. While I talk about the manner in which Cloud Computing and Big Data are coming together, Larry makes pointed references to their application in the financial industry. Listening to Larry outline the trends also brings home the point I make about the synergies that can be realized across Cloud, Big data and Analytics within various industries.

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