According to Alok Kumar Agarwal, cloud computing serves as an excellent tool for optimizing technological requirements within the banking sector
Cost savings and usage-based billing have become pivotal in the banking sector. Rather than making substantial upfront investments in hardware and storage, financial institutions now incur manageable operational expenses. This eliminates concerns about maintaining storage and hardware infrastructure. As Alok Kumar Agarwal Alankit points out, the most significant advantage of cloud computing is its substantial cost reduction and provision of practical solutions. However, in a sector as sensitive as banking, it is imperative to implement stringent measures to safeguard confidential data.Read more: https://www.mynation.com/business/alok-kumar-agarwal-cloud-computing-is-a-great-tool-to-streamline-technological-needs-in-the-banking-sector-rrm8rl
