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Friday, May 3, 2024

The cloud calls, banks don’t hear

Is the industry rushing too quickly into the clouds? Cloud computing has been expanding steadily over the past few years and is starting to dominate as the primary platform for many organisations. Providers love it because it allows them to charge a service-based fee instead of a once-off payment for a product. There are rumours that Microsoft through Windows 11 will push to have a similar approach for their next version.

– The advantages for the users include distributed storage, access to the latest updates and features, and scalability from the providers — for a price of course. The disadvantages include having your data offsite on someone else’s servers; the risk of being isolated from your systems if there is a big enough communications failure; and with the data offsite, the risk of having it hacked or given to someone…

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