1、CLOUD RADARBANKING INDUSTRY REPORT2|Cloud Radar:Banking Industry ReportExternal Document 2024 Infosys Limited Knowledge InstituteContentsKnowledge InstituteExecutive summary 5Smashing data centers and shifting systems to cloud 7 Cloud is for loans and payments systems.and Its working well 8 Bank clo

2、ud spending average now and projected to grow 10 A decade on,corporate cloud has changed 11 More sophisticated cloud leads to new challenges 12Appendix:Research approach 15 Quantifying unused cloud commitments 16Cloud Radar:Banking Industry Report|3External Document 2024 Infosys Limited Knowledge In

3、stitute4|Cloud Radar:Banking Industry ReportExternal Document 2024 Infosys Limited Banks,by their nature,are slow to change.For good reasons,bank executives generally advance cautiously rather than rushing to fully embrace the most promising innovations.Changing their technology is more involved tha

4、n in other industries due to regulatory,security,and customer privacy requirements.For example,banks generally started using cloud at about the same time as businesses in other industries about a decade ago but in more limited ways,executives say.Now,cloud has changed in the banking industry:Its use

5、s and capabilities have grown more complex.Across all industries,cloud has entered a new era of growth and innovation.Banks now are exiting longstanding data centers and shifting more of their data and workloads to cloud.This is doubly challenging for banks,given the sensitivity of their data,but it

6、 is also a critical and timely one.Banks are Executive summaryexpected to increase their cloud spending in the coming year,according to Infosyss Cloud Radar report.Cloud Radar surveyed more than 2,500 respondents from companies across nine industries in Australia,France,Germany,New Zealand,the UK,an