Banking is about financial transactions. These are executed by sending payments and instructions over middleware. If you control the middleware, then you control the business. If the middleware fails, then the company fails. If you can see and analyze the transactions going through the middleware, you can see the business itself. And if you have real-time analytics of that data and it’s automatically actioned, then you can innovate and accelerate the company’s development.
In the beginning, there was Amazon Web Services (AWS). And AWS set a standard for cloud computing. AWS was fast, flexible, convenient to use and geo-redundant. Definitely much better than legacy IT infrastructure or VMware. A lot of enterprises all over the world started migrating their business applications to AWS.
Data is essential to a business, but too often the necessary precautions are not in place. Many small businesses are just one small data disaster away from going out of business. What’s worrying is that 3 out of 4 small businesses have no backup strategy or disaster recovery plan in place to prevent this from happening. This lack of preparation can bring a halt to business operations or cause an organization to go out of business.