UGC Approved Journal no 63975

ISSN: 2349-5162 | ESTD Year : 2014
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Published in:

Volume 6 Issue 2
February-2019
eISSN: 2349-5162

UGC and ISSN approved 7.95 impact factor UGC Approved Journal no 63975

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Published Paper ID:
JETIRY006072


Registration ID:
196296

Page Number

386-391

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Title

CLOUD COMPUTING: A TECHNOLOGICAL TRANSFORMATION IN BANKING OPERATIONS

Abstract

Advent of technology has changed the landscape of business operations and has become a vehicle for bringing a revolutionary change in the information age. Technology is applied in every field and has shown a progressive performance in carrying out various tasks. It is rightly quoted by Shoshana Zuboff that “TECHNOLOGY MAKES THE WORLD A NEW PLACE ” which signifies advancement and application of technology has touched every aspect of life, making it easier, better and different. Businesses, small and big, need technology to thrive which gives organizations the strength to spread their wings. Growing businesses create employment opportunities for people and technology plays a big role in business growth. One such application of technology which has brought about drastic change in the way of carrying out business is in banking by using cloud computing. Banks have been a conservative industry with regard to adoption of newer technologies due to sensitivity of banking business.Banking industry needs to address the ever-growing data input demands and want their financial data to be secure with access. Cloud technology offers a new model for delivering innovative client experiences, effective collaboration, improved speed to market and increased IT efficiency. Cloud deployments are spreading and the technology is proving to be secure which has changed the way consumers interact with banks and have migrated to the suitable cloud computing model which offer several benefits. The paper focuses on understanding the concept of cloud computing, its features, reasons for choosing cloud computing, various models,benefits and challenges of its implementation in banking sector. The paper concludes by stating that Cloud computing has helped banks to create more agile and flexible business offerings for the competitive and growing markets by transforming their business processes. It has the potential to explore and grow into new markets and sectors which will improve their services to the customers across different geographic locations.

Key Words

Business, Drastic. Innovative, Operations and Technology

Cite This Article

"CLOUD COMPUTING: A TECHNOLOGICAL TRANSFORMATION IN BANKING OPERATIONS", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 2, page no.386-391, February-2019, Available :http://www.jetir.org/papers/JETIRY006072.pdf

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2349-5162 | Impact Factor 7.95 Calculate by Google Scholar

An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 7.95 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator

Cite This Article

"CLOUD COMPUTING: A TECHNOLOGICAL TRANSFORMATION IN BANKING OPERATIONS", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 2, page no. pp386-391, February-2019, Available at : http://www.jetir.org/papers/JETIRY006072.pdf

Publication Details

Published Paper ID: JETIRY006072
Registration ID: 196296
Published In: Volume 6 | Issue 2 | Year February-2019
DOI (Digital Object Identifier):
Page No: 386-391
Country: -, -, - .
Area: Engineering
ISSN Number: 2349-5162


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