![]() ![]() The scalability of the cloud is also beneficial in managing demand volatility and other disruptive events. Firms can realize significant cost savings by using new architectures or new applications in the cloud. The first one is driven by technology- to improve the efficiency and resilience of IT systems and to improve operations and time to market. For asset managers, a cloud strategy really has two key elements. Rushed migrations without a clear strategy for realizing value, incomplete planning, or poor execution could end up costing the firm, especially when legacy systems are involved. ![]() ![]() The key to accelerating the value Asset Managers realize from the cloud and lowering the risk involved in the migration process, is to agree a clear vision and understand the strategy it could take to become a cloud-enabled business. Operating in the cloud could provide the certainty that many firms are looking for, helping them to adapt their operations to cope with disruption, providing the ability to flex with customer demands, and accelerating digital transformation. Our recent research, the Future of Asset Management, suggests that most asset managers are still in the early stages of migrating to the cloud, with just 8% indicating they have completed their journey to the cloud. We are living in volatile times and in this uncertain environment, the cloud is seen by many asset managers as a key component of their continuing growth strategy.
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