PODCAST | How Absa uses cloud computing to improve its business and operations – Business Day

Baker says that arrangement has given the bank flexibility to quickly grow and scale new banking platforms without the need to buy new physical equipment for its facilities. Instead, the company can simply increase the amount of computing power it needs from AWS, accessed online, which helps to save time and costs for the group.

Data from market research company Allied Market Research estimates the global hybrid cloud market size was valued at $36.1bn in 2017, and is projected to reach $171.9bn by 2025, growing at a compound annual growth rate of 21.7% from 2018 to 2025.

The discussion focuses on how Absa has made use of cloud computing to improve its offering to clients, cut costs, develop new technology faster, while at the same working to make sure that staff have the skills to use and develop new banking platforms.

Engage on Twitter at #BDSpotlight

Subscribe: iono.fm|Spotify|Apple Podcasts|Pocket Casts|Player.fm

Business Day Spotlight is a MultimediaLIVE production.

Continue reading here:

PODCAST | How Absa uses cloud computing to improve its business and operations - Business Day