Source: CIO Magazine On:
As the impact of the pandemic on business and consumers becomes clearer, key lessons are emerging. First, digital transformation efforts were accelerated. Yet, these initiatives sped up unevenly, further widening the gap between industry leaders and laggards. Second, leaders overwhelmingly chose cloud computing as their foundation for future innovation. In particular, the financial services industry offers several lessons in how cloud computing helped extend the advantages of industry innovators.
While no one expects a global pandemic, those organizations that were already prepared to quickly respond to change were better positioned. For example, life insurance and annuities provider SE2, in a webinar titled How Financial Services and Insurance Can Use the Cloud to Build Agility, noted that it was able to quickly shift employees to remote work because it was already using cloud-based workflow solutions.