Cloud computing creates an opportunity for providers of financial services to rethink their technology spend and significantly reduce costs. (Image source: Genesis Analytics)

The report has focused on how the application of cloud computing in financial services can help financial services providers reach and serve the poor.

Part of the cost problem is that financial institutions in Africa are so much smaller than elsewhere the biggest bank in Africa (SBSA with assets of US$148bn) ranks 296th globally; most banks in Africa have assets of less than US$5bn. African consumers are increasingly expecting these banks to provide the same range of digital services as banks in other countries. This is why consumers have been turning to mobile banking in such numbers. The telecommunications companies have been much more successful at delivering affordable financial services than banks are, but also need to find new ways to reduce costs if they are to reach out to even poorer customers.

Cloud computing creates an opportunity for providers of financial services to rethink their technology spend and significantly reduce costs. Cloud computing involves using internet technologies to provide virtual infrastructure that is scalable and delivered as a service.

Fixed costs can be converted into a subscription-based approach and upfront capital investments are converted into operational costs. Cloud computing allows banks to pay less for ICT infrastructure and services and achieve higher utilisation on ICT spend. Particularly for small banks in small markets where specialised ICT skills are in short supply, cloud computing can ease a critical operational constraint.

The most compelling reason to move to the cloud is undoubtedly cost savings, but there are other business reasons too. The flexibility of cloud-based operational models allows financial institutions to experience shorter development cycles for new products, which supports a faster and more efficient response to the needs of customers.

Cloud computing provides the computer power necessary to deliver analytical insights in real time, which enables financial institutions to move towards a customer-centric model where the financial needs of customers are fully understood. Financial institutions can also gain a higher level of data security, resilience, fault tolerance and disaster recovery from cloud computing.

Before financial service providers can adopt cloud banking, regulators need to support and approve the use of cloud technology within the financial sector. Some international regulators are already allowing the use of cloud banking in the financial sector.

The European Union has been at the forefront of defining an enabling regulatory environment for cloud banking services, which has involved both the regulation on the use of data and privacy and protection of data. Under the regulations, financial institutions have to ensure that consumer personal data is gathered legally and under strict conditions and that consumer data is fully protected. Other developing markets like Turkey and Argentina have adopted similar legal and regulatory environments, which has enabled the use of cloud banking in their financial sectors.

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Cloud-computing to reduce banking costs in Africa - African Review

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Global Cloud Computing Data Center It Asset Disposition Market Segmentation

This market was divided into types, applications and regions. The growth of each segment provides an accurate calculation and forecast of sales by type and application in terms of volume and value for the period between 2020 and 2026. This analysis can help you develop your business by targeting niche markets. Market share data are available at global and regional levels. The regions covered by the report are North America, Europe, the Asia-Pacific region, the Middle East, and Africa and Latin America. Research analysts understand the competitive forces and provide competitive analysis for each competitor separately.

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Cloud Computing Data Center It Asset Disposition Market Region Coverage (Regional Production, Demand & Forecast by Countries etc.):

North America (U.S., Canada, Mexico)

Europe (Germany, U.K., France, Italy, Russia, Spain etc.)

Asia-Pacific (China, India, Japan, Southeast Asia etc.)

South America (Brazil, Argentina etc.)

Middle East & Africa (Saudi Arabia, South Africa etc.)

Some Notable Report Offerings:

-> We will give you an assessment of the extent to which the market acquire commercial characteristics along with examples or instances of information that helps your assessment.

-> We will also support to identify standard/customary terms and conditions such as discounts, warranties, inspection, buyer financing, and acceptance for the Cloud Computing Data Center It Asset Disposition industry.

-> We will further help you in finding any price ranges, pricing issues, and determination of price fluctuation of products in Cloud Computing Data Center It Asset Disposition industry.

-> Furthermore, we will help you to identify any crucial trends to predict Cloud Computing Data Center It Asset Disposition market growth rate up to 2026.

-> Lastly, the analyzed report will predict the general tendency for supply and demand in the Cloud Computing Data Center It Asset Disposition market.

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Table of Contents:

Study Coverage: It includes study objectives, years considered for the research study, growth rate and Cloud Computing Data Center It Asset Disposition market size of type and application segments, key manufacturers covered, product scope, and highlights of segmental analysis.

Executive Summary: In this section, the report focuses on analysis of macroscopic indicators, market issues, drivers, and trends, competitive landscape, CAGR of the global Cloud Computing Data Center It Asset Disposition market, and global production. Under the global production chapter, the authors of the report have included market pricing and trends, global capacity, global production, and global revenue forecasts.

Cloud Computing Data Center It Asset Disposition Market Size by Manufacturer: Here, the report concentrates on revenue and production shares of manufacturers for all the years of the forecast period. It also focuses on price by manufacturer and expansion plans and mergers and acquisitions of companies.

Production by Region: It shows how the revenue and production in the global market are distributed among different regions. Each regional market is extensively studied here on the basis of import and export, key players, revenue, and production.

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With the boost cloud computing has seen in recent years, a cloud war was imminent, especially one anchored around the cloud architecture. In the current struggle, many giants have cemented their positions at the top, and some others have been taking measures to prepare for the race. However, a lot of these organisations fail to build a good cloud architecture. This is because they often do not emphasise on best practices that must be followed.

Building a cloud-ready application architecture requires one to pay attention to many things. Among these are traditional concepts like stable design, testing, and correcting a previously committed mistake, and more. Some of the other vital aspects that one should consider are mentioned below:

This pessimistic approach to designing a cloud architecture often works best. Assuming that things will fail, will drive one to look at design needs, as well as implement and deploy for automated recovery from failure.

This entails designing architecture with the mindset that its hardware might fail, preparing for outages or any other disaster, that may force one to think of every possible recovery strategy during design time, which will only help the system.

This pessimistic approach should not just be applied for the hardware, but also to the software side. One needs to ask questions related to what could happen to the application dependent services if the interface changes. Or what could happen if cache keys grow beyond the memory limit of the instance.

This approach helps one design operation-friendly applications and have a better cloud architecture in it.

Building components that do not have tight dependencies on each other will result in the overall operation running as it should be in case a component fails, does not respond or responds slowly.

This means that when one of the loosely built components fail, the other components of the system are built so that they continue the work as if the failure never happened. This is something which can be called as a black box, where each component interacts asynchronously with others. This also allows for more scalability.

Decoupling components, building asynchronous systems and scaling are three of the most important aspects when it comes to cloud architecture.

Security is often mid-level on the priority scale for many when thinking about designing a cloud architecture. However, it must be built into the application and must always be prioritised. One needs to pick a security approach and technology before building the application. These must be chosen according to the type of application one is running, and these should be able to address any compliance or other data-level security issues.

Generally, cloud-based applications must leverage identity and access management (IAM). Mature IAM capabilities can reduce a businesss security costs and gives it the option of being more agile at configuring security for cloud-based applications.

There is no correct size when it comes to choosing a cloud. The cloud strategy that one wants must give them the freedom to migrate to other clouds or run services balanced between two clouds. Planning a strategy by taking a multi-cloud approach will give one flexibility, along with the balance between the best price and performance.

One of the things to keep in mind when it comes to choosing a strategy or having a good cloud architecture is to design a tailored environment, where one can extract the maximum potential from the cloud. This includes the ability of hybridisation, freedom to use applications and multi-cloud approach, which result in tailored and cost-effective solutions.

With the rising adoption of the cloud market and the fierce competition, businesses are always searching for the best option where they can optimise their spend and increase performance. With cost optimisation strategies, one can reduce costs to a minimum and use savings to improve some of the business strategies or any other place they see fit.

Some of the points to be kept in mind:

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Over the past month, the stock market has recouped around half of the record-setting losses it suffered during the first quarter's historic bear market plunge. That rebound has many investors wondering if they missed the boat and if all the best gains have already been had.

It's important to remember that bottom-feeding and buying during market declines isn't the only way to prosper from investing. Finding strong companies with distinct advantages and even stronger growth prospects and investing in them for the long haul is a time-tested method of generating lucrative returns.

Assuming you have a sufficient emergency fund built up, and $5,000 (or less) in disposable cash that you don't expect to need in the next three to five years, here are five companies that could make you a small fortune over the coming decade.

Image source: Getty Images.

The business model of the advertising industry is in the midst of a paradigm shift. What was previously accomplished by in-person meetings and telephone negotiations is now handled using high-speed computer programs and algorithms, and The Trade Desk (NASDAQ:TTD) is at the forefront of that transformation.

While the industry has been moving toward digital advertising for some time, programmatic advertising represents a small but growing part of that trend. The Trade Desk developed a cutting-edge platform that can sift through 9 million ad impressions and quadrillions of permutations each second to match each advertisement with the right consumer.

The company's ad revenue grew 39% in 2019, nearly 10 times the 4% gains averaged across the ad industry -- a reflection of the fact that The Trade Desk is stealing significant market share from its rivals. Once onboard, customers rarely leave it, as evidenced by its customer retention rate, which has remained above 95% for 24 successive quarters.

The Trade Desk's multichannel approach has been hugely successful, with some of the company's newest opportunities producing the strongest gains. Its audio revenue grew 185% in 2019, while connected TV grew 137%. It also generated impressive results from in-app and mobile video, which grew 67% and 50% respectively.

These figures help illustrate how The Trade Desk is tapping a massive opportunity that should yield impressive growth in the coming decade.

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Some of the same things that make Microsoft (NASDAQ:MSFT) look like such a compelling opportunity over the next decade are also helping insulate the company somewhat from the current challenges.

Most businesses that were in a position to do so have transitioned to working remotely, which means millions of employees logging into their companies' systems from home. This plays to several of Microsoft's strengths. Commercial products like Office 365 (now called Microsoft 365) and Dynamics 365 are still an essential part of everyday business life, while the cloud computing infrastructure it provides via Azure has never been more critical. Even the company's personal computing segment won't suffer unduly from the impact of the pandemic, though it's important to note that Microsoft doesn't expect the segment to achieve its previously issued guidance due to supply chain constraints.

Azure was already seeing rapid adoption, up 62% year over year in the most recently reported quarter. That's an acceleration from 59% growth in its fiscal Q1 2020 (which ended Sept. 30) and makes it one of Microsoft's biggest growth drivers. The ongoing shift to cloud computing provides the company with a strong runway for the future, and the trend has likely accelerated as a result of the pandemic.

In fiscal 2019, Microsoft's revenue grew 14% year over year, while adjusted earnings per share grew 22%, which is particularly impressive given the company's $1.3 trillion market cap.

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Much of the business world is reeling from the impact of the ongoing shelter-in-place orders, but Netflix (NASDAQ:NFLX) is one of the rare companies perfectly positioned to serve the multitudes stuck at home. The trends of cord-cutting and streaming adoption were already accelerating prior to the pandemic. Netflix's vast library of original and licensed content has provided people with some much-needed respite since restaurants, movie theaters, sporting events, and other pastimes are currently not available. And it has done so at a reasonable cost for all-you-can-watch entertainment.

Netflix's first-quarter results revealed a dramatic increase in subscribers since the pandemic began. Its subscriber growth rate rose 23% year over year as it added 15.77 million net new subscribers, more than double the company's forecast of 7 million. This brought total subscribers to nearly 183 million, dwarfing the competition. While management warned that the current surge might mean slower growth in the future, Netflix was free cash flow (FCF) positive for the quarter, something that would have been unthinkable just three months ago.

Netflix now expects FCF for the year to be a negative $1 billion, a vast improvement from the previous estimate of negative $2.5 billion. These developments will hasten the day when the company no longer relies on debt to finance the growth of its massive content library, which will also help bolster its increasing profits.

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With hundreds of millions of people being told to avoid leaving their homes except when absolutely necessary, many small shops lost large swaths of their business. One response to that sudden loss of walk-in traffic has been the accelerated adoption of e-commerce by small- and medium-sized businesses.

That's where Shopify (NYSE:SHOP) comes in.

The company provides merchants with all the tools necessary to get their businesses online -- everything from building and maintaining a website to arranging shipping, accepting payments, and tracking invoices.

Many investors believed that Shopify would be hobbled by the downturn, but it turns out that just the opposite was true. Chief Technology Officer Jean-Michel Lemieux, shared last week that business was surging, saying the company was "handling Black Friday level traffic every day." By providing merchants with a way to participate in the hard move to online shopping, Shopify is helping to secure its own success.

Things were already progressing swimmingly for the e-commerce service provider. Revenue grew 47% in 2019, while subscription revenue grew 38%, and monthly recurring revenue now accounts for 40% of the total.

Shopify continues to expand its business -- particularly in international markets -- and is currently foregoing profitability to invest in its growth. This will likely lead to its continued success over the next decade.

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Amazon (NASDAQ:AMZN) is another company that consumers have turned to in record numbers to get the food and other consumer staples they needed to ride out the pandemic at home. Yet, even the company's massive logistics and fulfillment operations needed beefing up in order to handle the Herculean task. Citing unprecedented demand, Amazon went on two massive hiring sprees in recent weeks, first adding 100,000 workers to staff its warehouse and delivery operations, then seeking out another 75,000 prospective employees.

It isn't just the company's e-commerce operations that are seeing expanded use. Many are signing up for Amazon Prime not just for the expedited shipping, but also the streaming video and music services. Amazon Web Services (AWS), the company's cloud computing operation, is also likely seeing a boost as businesses look for help navigating the new normal of operating with remote workers.

Amazon was already the global leader in e-commerce prior to the pandemic, and has likely fortified its leadership position. Revenue grew 20% in 2019, which is all the more impressive considering that total net sales climbed to over $280 billion last year. This helped lift its bottom line by 15% -- even as the company invested heavily in its one-day shipping initiative.

AWS is still the company's most lucrative growth opportunity, as it's the undisputed leader in the fast-growing cloud-computing industry. The segment produces a hefty 26% operating margin and boatloads of cash that Amazon can use to fund its other growth initiatives.

Investors may have detected a theme running through these five companies. Each is capitalizing on one or more of the hottest technology and growth trends: e-commerce, programmatic advertising, cloud computing, and streaming video. Additionally, all are leaders in their respective industries, and continue to generate impressive growth, even in the face of tough competition.

That's why investing in these category leaders now could make you a fortune in the coming decade.

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