Companies across all industries plan to be 80% in the cloud by 2020
APS as an Accredited Partner for Amazon Web Services believes that 2017 will see the trend for cloud adoption within the Banking, Financial Services and Insurance (BFSI) industries continue to accelerate as concerns around data security and privacy abate further.
APS having worked with clients in their early adoption of the cloud and assisting them with on boarding new cloud suppliers and ensuring that standards covering ITSM (ISO 20000) are being met as part of the adoption process, covering documented processes, governance and internal/external audit.
Given the growing pressure to reduce capital expenditure, growing volumes of data entering organisations, the need to be more agile and move faster to ever increasing change. APS can only see the journey to cloud solutions moving forward more rapidly and in time the reluctance to move compliance-related workloads removed.
APS working with organisations operating within strictly regulated sectors, such as BFSI is seeing that security breaches are being addressed and in our role as an Independent Operational Integration Partner are helping the cloud vendors to understand how their cloud platform can meet the critical business benefits needing to be derived by the client, while assuring they are protecting data and meeting the requirements of the regulators.
In the short to medium term, compliance will still be an issue needing to be carefully considered. Regulations will continue to be added, making it more important than before for cloud users to keep their cloud operations compliant.
The most recent being, the new General Data Protection Regulation (GDPR), is seen as a “game-changer” with respect to data protection, and will “consume considerable time, effort and investment over the next two years.”
What can APS help organisations with?
- Specialist regulatory capability and project governance that works for your organisation to assure the requirements of the regulators are being met
- Support Digital Transformation delivery from DevOps/Cloud Providers into your business, ensuring adherence to change frameworks of the BFSI sector
- Assure overall Digital Change working in collaboration with the client and cloud vendor as an Independent trusted partner who can help accelerate the cloud journey with our understanding of the security foundation in the cloud