Several recent tech reports are pointing towards one fact that cloud computing is gaining popularity across the globe and every industry is in the process to leverage it. Cloud computing is enjoying popularity in various industry domains for business support functions. That era had gone when cloud computing was limited just to the IT functions. Many industries are utilising the power of the cloud, and still figuring out how it could help further with an increasing number of technology options. The combination of cloud with several other technologies like Artificial Intelligence (AI), Machine Learning (ML), Internet of Things (IoT), Edge Computing, 5G, etc. will empower almost every industry out there!
A lot of businesses have understood that if they want to succeed in the marketplace with cut-throat competition, then shifting businesses online, i.e., on the cloud is the only way!
In this article, we will see how cloud computing is leveraged in different industries. Let us talk about the regulated sectors first. Regulated means the sectors which are ruled or governed by the laws of government.
Cloud Computing in Regulated Industries
As per different research reports, many regulated industries like insurance and banking sectors were a bit hesitant to expand on the cloud.
Insurance Sector
In this sector, private clouds are usually preferred than public clouds for their optimal security. But, slowly and gradually the trust of insurance sector is getting strong on the potential of the cloud.
