{"id":53234,"date":"2020-11-19T12:51:24","date_gmt":"2020-11-19T20:51:24","guid":{"rendered":"https:\/\/cm-edgetun.pages.dev\/en-us\/industry\/microsoft-in-business\/?p=53234"},"modified":"2020-11-24T10:21:30","modified_gmt":"2020-11-24T18:21:30","slug":"secure-asset-management-a-new-perspective-on-the-cloud-post-covid-19","status":"publish","type":"post","link":"https:\/\/cm-edgetun.pages.dev\/en-us\/industry\/microsoft-in-business\/security\/2020\/11\/19\/secure-asset-management-a-new-perspective-on-the-cloud-post-covid-19\/","title":{"rendered":"Secure asset management: A new perspective on the cloud post COVID-19"},"content":{"rendered":"

\"ManLast month, I participated in a fireside chat at the Managed Funds Association (MFA) Data Conference with my colleague, Mike Triolo, Head of Cloud and Transformation within Microsoft\u2019s financial services business, to discuss our perspectives on the cloud post COVID-19.<\/p>\n

After nearly 30 years on Wall Street, I\u2019ve witnessed how technology has impacted every part of the financial services industry. From what I\u2019ve seen, firms that use technology well achieve extraordinary outcomes.<\/p>\n

Technology provides a set of building blocks that can be assembled into unique, innovative solutions that drive concrete business growth.<\/p>\n

With people living and working more digitally, global corporate spending on cloud services has jumped 30% from a year ago. At the height of the pandemic, our CEO Satya Nadella said that, \u201cWe\u2019ve seen two years\u2019 worth of digital transformation in two months.\u201d<\/p>\n

Weathering the COVID-19 pandemic<\/h2>\n

We\u2019ve seen firms worldwide navigate three phases in recent months: \u201crespond,\u201d \u201crecover,\u201d and \u201creimagine.\u201d We\u2019ve also found that cloud-mature firms were more agile and resourceful in leveraging the elasticity and reliability of the cloud to respond to the pandemic.<\/p>\n

For example, a large property and casualty insurer moved 40,000 call center employees to remote working in just three days<\/u> with Microsoft Teams and Office 365. Also, a wealth manager quickly spun up Azure compute to perform extensive risk calculations to navigate market volatility.<\/p>\n

Future-proofing your business<\/h2>\n

The shift to digital business models during the pandemic has only added urgency to the need for swift and widespread cloud adoption. We advocate that firms \u201creimagine\u201d through cloud innovation as they \u201crecover\u201d to future-proof their businesses.<\/p>\n

The imperative isn\u2019t just to transform, but to improve agility, resiliency, and stability.<\/p>\n

An important but often overlooked aspect of any digital transformation is a firm\u2019s employees. We recognize the importance of upskilling your employees. For this reason, Microsoft has introduced skilling programs for our customers including our AI Business School<\/a>, deep technical certification tracks for cloud architects and data scientists.<\/p>\n

Data is your most valuable asset<\/h2>\n

Capital markets are the most data-driven industry. Firms must acknowledge data as their most valuable asset. During the pandemic, we have seen firms challenged by the peaks in the proliferation of data and speed of events. Our artificial intelligence\/machine learning (AI\/ML) solutions enable firms to capture real-time analytics. Firms also both store and analyze data to generate meaningful insights in a secure and compliant way.<\/p>\n