The secret to a successful public cloud strategy is ensuring smooth integration of multi-cloud environments and seamless in-cloud data transfer, backup, and protection. Commvault’s latest whitepaper “Architecting the Future of Banking” mentions that a bank’s cloud strategy needs to focus on six key elements.
Safety:
This is especially important for banks that are considering adopting the public cloud for handling sensitive customer information. Defining its security architecture step-by-step and classifying and migrating data is essential.
Be prepared for the regulation:
Banks need to carefully analyze local and regional regulations on data access, storage and management to ensure they have a clear understanding of where data is hosted and how it is managed and maintained.
Reduce systemic risk:
There are only a few dominant players on the market today, and large financial services organizations are wary of the systemic risks posed by cloud infrastructure. Therefore, banks should build multi-cloud, hybrid cloud environments to spread risk and ensure the scale, availability and continuity of their data assets.
Simplify the complexity of management:
Enterprises in the growth stage often use a variety of disaster recovery products. But with business expansion, enterprises need a comprehensive cloud management platform to achieve streamlined data management.
Smooth legacy data management:
In the process of migrating legacy systems, how to deal with legacy backups is not a small problem. Banks can choose a single cloud or multiple clouds that meet their backup SLA, and migrate old backups and archives directly to the cloud, taking into account the convenience and integrity of backup migration.
Optimize data flow:
With multiple clouds, banks can replace disparate point solutions with independent skill sets and varying levels of support and update timing. Alternatively, a smarter approach is to use a single integrated, end-to-end cloud data management solution to orchestrate and consolidate. Commvault data protection solutions enable data compression and deduplication and provide integrated reporting that confirms migration success and data security to simplify the cloud migration process.
