ADOPTION OF CLOUD COMPUTING BY PUBLIC SECTOR BANKS IN INDIA

Abstract

It is known that cloud computing acceptability in most sectors brings more benefits, due to cost savings, scalability, elasticity of cloud deployments and speed and ease of use. However, the regulated sectors, such as banking and healthcare, need to address the risks associated with cloud computing deployments, in particular those related to regulation and reputation. This research has the general perception of IT staff involved in the decision to identify cloud computing related to environmental factors, such as regulatory burdens, competition conditions, reputational risk, and the seller's support, uncovered. While datarelated incidents in private cloud deployments are relatively rare, care should be taken by these industries so that they do not affect customer data, which can cause significant reputational changes, and penalties imposed by the regulators.