Cloud computing: A new approach to the informatization of China's financial industry

In recent years, cloud computing has become a hot word in both theoretical and practical circles. Especially since 2011, a wave of cloud computing has swept through many industries including the financial sector. Cloud computing refers to the use and delivery patterns of online-related services, often involving the provision of dynamic, extensible virtualization resources over the network, which means that computing power can also be used as a commodity through the Internet. The National Institute of Standards and Technology (NIST) summarizes cloud computing as "three types of services, four deployment methods, and five features". The three types of services are IAAS (infrastructure as a service), PaaS (Platform-Service), and SaaS (software as a service). The four deployment methods are dedicated cloud, public cloud, mixed cloud and community cloud. Five features include on-demand self-help, network access, resource pooling, fast flexible configuration, measurable services.

Why cloud computing is rising

Cloud computing is popular all over the world, has a profound era and technical background. First, cloud computing is the need for the development of the mobile internet age. In today's era, with social networking platforms, everyone is the creator, processor, and disseminator of information, and users require multimedia access, interaction, and personalized experience at any time, any place. The amount of information generated by these activities is massive, and these data are not traditional structured data, making traditional it processing unsustainable. Second, cloud computing is the result of upgrades to IT services. The evolving it paradigm drives the IT product upgrades to IT services, and a growing number of businesses and organizations realize that outsourcing a business will provide better service and save more. Again, cloud computing is the "triple network integration" trend requirements. At present, industrial integration to promote the integration of industry is a trend, telecommunications, Internet industry and the integration of the radio and television industry is the trend, "Three network integration" is not a simple computer, television, telephone, but the combination of mobile internet and large data processing, that is, "cloud + End" mode. In addition, cloud computing is also a low-carbon development model requirements, according to statistics, 2011, the global IT data center's energy consumption growth rate of about 8%~10%, much higher than the global average energy consumption of 2% growth rate, IT industry needs to use cloud computing to build green platform, thereby reducing it operational costs, better increase resource utilization.

The exploration of cloud computing in finance

At present, the impact of cloud computing on the financial sector is mainly reflected in three aspects of customer, competition and regulation. First, from the customer's point of view, financial institutions of customers, especially young customers, Web pages, images, audio, video content and forms of information services to provide new experience requirements, according to these requirements, the business unit of financial institutions are proposing more cloud-like requirements, such as rapid business response, mobile office environment, Expand business boundaries, business terminals mobile, intelligent, lightweight and personalized. Second, from a competitive point of view, the Internet and telecommunications operators through the IT mode of innovation, the traditional financial it and business impact. At the same time, third-party payment companies are using cloud computing to provide low-cost services, service contractors, system integrators are also in the direction of cloud computing. Finally, from the supervision point of view, financial institutions should take the initiative to close to the market, sharp grasp of the real economy to financial services demand, must be from the improvement of efficiency and reduce the cost of two aspects. This requires financial institutions to use new technologies, actively innovate products, improve services, reduce the financial burden of borrowers to better serve the real economy.

China's financial sector exposure to cloud computing for about three years, it can be said that China's financial industry has entered the era of cloud computing, many financial institutions have begun to cloud computing technology, business and strategy to explore various aspects. 2010, the financial industry began to implement data center virtualization, development test cloud, Virtual desktop cloud and other small-scale experiments, simplifying IT operations. In the 2011, financial institutions began to study and emulate the models of E-commerce companies, some of which began experimenting with hybrid clouds and expanding cloud computing applications, and marketing and the front office started using smart terminals, tablet computers and mobile cloud computing, and have achieved good results. In addition, financial institutions are further exploring the application of more cloud computing services in the next generation of Internet, mobile banking and mobile payments. By the year 2012, financial institutions have had many successful deployments and implementations of cloud computing, but have not yet achieved scale, and market demand needs to be further activated. There are more cases of cloud computing in the insurance industry than in banking. Some financial institutions have clearly formulated and begun to implement the "cloud + End" strategy, China's financial industry to adopt the model of cloud computing innovation has emerged ...

(Responsible editor: Schpeppen)