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Advantages of processing in the cloudA leading Australian financial institution has made a major move towards cloud computing. By moving their risk calculations to the cloud while keeping their data on-premise they have eliminated the need to build an in-house platform while ensuring their data is protected. What are the advantages of such a model? For many organisations, moving to the cloud is a practical and cost-effective solution. “A model where only the processing resides in the cloud while the data remains on-premise will become a very popular solution. This type of approach has many advantages,” commented Kareem Tawansi, CEO of software development provider, Solentive Software. Kareem outlines the 4 key advantages of processing data in the cloud and storing data on-premise:
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