There is much to
be said for a world whose technology is advancing so rapidly and exponentially
as ours. It is a world that has showered us with numerous advances in comfort
and living, turning luxuries into necessities and gadgets once considered toys
into mainstream, vital essentials. It is the era, as we call it, of the
Internet of Things -- often colloquially referred to as the IoT -- an era that
has transformed these devices into indispensable mediums of modern consumerism.
And no industry
has felt the powerful effects of the IoT more than the financial sector. Banks
and asset management firms alike are witnessing a shift from more “traditional”
money management to financial tech-centered on the cloud- and SaaS-based
administrative frameworks. Yes, you heard that right: cloud-based. Cloud
computing is, frankly, the backbone of any economic institution looking to
efficiently process and handle enormous amounts of information, data, and
records. Switching from ancient legacy systems to newer, cloud-ensconced analytical
frameworks centralizes your data, thereby guaranteeing security and
adaptability for your business like never before.
