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In fact, economists estimate almost $200 billion could be invested globally into generative AI technology by 2025.
Cloud is the engine that can power generative AI ambitions for any organization.
All proven advantages ofcloud.
Global Head of Cloud for Financial Services at Capgemini.
Recent research reveals 91% of banks and insurance companies have now initiated their cloud journey.
Thats up significantly from 2020, when only 37 percent of firms had started the process.
Firms will need to reimagine their data, processing, and consumption strategies.
And today, the best way to achieve that is to make all operations cloud native.
To start, companies must clearly identify the outcomes they want to achieve.
This means creating a well-defined business strategy for cloud, and a phased roadmap that identifies priorities for implementation.
Importantly, when attempting to migrate to the cloud, many financial services firms face two technical roadblocks.
Ideally, these will be composable platforms that use pre-built modular components to easily integrate front-end and back-end functions.
It also enables the cloud platform to evolve, helping to future-proof the investment.
As one industry executive shared: Without cloud, there is no future for financial services firms.
We’ve featured the best cloud computing service.
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