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System consolidation You want to reduce the solution footprint and by doing so, reduce infrastructurecost and help shift toward a single source of truth across different components. In addition, you want an automated resource management and industry specific functions such as sales and customer support at the core of operations.
Many of today’s cloud providers offer cloud managementservices, such as Disaster Recovery-as-a-Service (DRaas). This service allows organizations to back up their data and IT infrastructure and host them on a third-party cloud provider’s infrastructure. IoT devices ).
To embark on this journey, HSBC recently partnered with a European consulting firm, Zühlke, to revamp its mobile wealth managementservices for UK clients. We also saw that a few months ago, Northern Trust collaborated with Finbourne Technology, a UK-based data solutions provider, to adopt its cloud-native data management solution.
Businesses scale resources as needed within their cloud infrastructure, ensuring financial efficiency and accountability. Lower InfrastructureCosts By replacing on-premises hardware with cloud-based infrastructure, PaaS cuts IT expenses. Companies avoid server maintenance, energy costs, and hardware refresh cycles.
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