10 Facts about Cloud Adoption for Financial Services industry in Asia-Pacific

By 2022, 86% of the financial services industry in Asia would adopt public cloud. However, +60% leading global banks do not have a road map with KPI to measure the level of cloud adoption and its progress. Regardless of what stage you are in for cloud adoption, here are the 10 facts you should know about cloud management nowadays in Asia-Pacific.

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50% banks expect a rise in cloud spend in 2020 but indeed 35% of cloud spend is wasted annually.

Optimise Your Cloud Spend with Right-Sizing and Right-Buying

Right-Buy

Identify where the instance needs to run (location) and optimise for cost/performace. Identify the best way to buy the instance, which depends on how long it is going to run for. Identify how long an instance should run for, and if it is idle, how long before it should shut down. Continually analyse the billing engenies of the cloud providers to identify optimal usage and policies.

Optimise

Right-Size at the application level by correlating business demand with cloud service utilisation. Plan for growth and predict upcoming costs with advanced predictive analytics and Forward Thinking what-if scenario modelling. Improve business process with Service Management integration. Manage across Hybrid-IT, on prem and multi-cloud in a single tool with consistent reporting regardless of environment.

Right-Size

Highly granular data capture of resources. Identify the sizes of instances needed for each application workload. Determine optimumc onfiguration of burstable or nin-burstable instance. Identify idle times and workload periodicity. Understand the capacity of Hybrid-IT. Bring work back from the cloud if on premise capacity allows it.