Companies are learning what it takes to move to the cloud by starting with their development and test environments. Starting with new development projects, they are learning to use and manage cloud resources and at the same time address real business challenges.
Using capital market firms as an example, common applications that have been moved to the cloud mainly include risk management programs, data simulations for algorithmic trades, historical tick data management and back testing.
One of the low-hanging fruits is to establish test environments in the cloud for developers. Allocating resources for test environments traditionally has been a challenge and developers often compete to get time on a test system. Organisations can provide developers and testers with access to available, easily configured resources and can reduce cycle times and improve product quality.
Creating a cloud environment for testing on-demand means you can acquire allocations for the amount of processing power you need and it would be completely dynamic. This is a huge improvement in cost and efficiency and should be carefully considered for your future businesses development and testing.
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