How Can Cloud Technology Be Used In The Financial Sector, Healthcare, And Media Services?

The Financial Sector Uses Clouds For Data Mining

Finance, banking, and insurance were once considered conservative industries, but now they have broken into the IT avant-garde and are among the first to introduce innovative technologies. In addition, even banks are beginning to trust public clouds.

Public clouds will also come in handy for companies not yet ready for such experiments: they can be used to test new solutions in extensive data analysis, artificial intelligence, and predictive analytics. There is a lot of value in rapidly testing and deploying new services – even a slight increase in profits through machine optimization gives a considerable gain across the entire customer base.

In Healthcare, Clouds Will Help Store Personal Data

The handling of digital health data is strictly regulated by law, as they are sensitive data. They can be transferred to the cloud: cloud providers already know how to configure their platforms to work with confidential information and personal data in a mode that a particular company needs or is set by the requirements of any department.

The solutions offered by cloud providers comply with the norms of 152-FZ “On Personal Data.” Also, healthcare organizations can store patient-identifying data in their data center and transfer it to the cloud only in an anonymized form for high-tech processing.

Also, cloud solutions can simplify the interaction of pharmaceutical companies and other medical organizations with other companies. For example, Pfizer uses the cloud to store confidential data from partner labs.

Media Services Distribute Content Using Clouds

Media services experience traffic peaks just as often as retailers. For example, after the release of the first episode of the last season of Game of Thrones, the Amediateka website stopped working. As a result, the broadcast was delayed by 40 minutes. Representatives of the service said that they had increased the amount of equipment five times, but the infrastructure still could not cope with the influx of spectators. Many negative reviews appeared on social networks; the company had to compensate for the inconvenience to dissatisfied users with the help of promotional codes.

There is special object storage on cloud platforms designed to store popular media data: photos, audio, and video. In such storage, millions of users can access data simultaneously and will not encounter any problems.

What Tasks Does The Business Use Clouds For?

In any modern company, some tasks are best transferred to the cloud. The most common of them:

• adjustment for peak loads and seasonal bursts;
• allocation of resources for temporary projects;
• organization of a backup infrastructure for the continuous operation of the business;
• storage, processing, and intellectual analysis of big data.

In the long term, moving to a cloud platform will allow companies to outperform competitors and respond faster to changing market needs. With clouds, businesses can focus on strategic tasks without being distracted by the administration and maintenance of the IT infrastructure.

Also Read: Key Points About The Cloud IoT Platform