An Exploratory Study on Cloud Computing Adoption in few Selected Financial Organisations

Abstract

The financial organisations like other business houses have stepped into digital transformation as a need of the hour. The researcher has carried out an exploratory research to understand the factors of cloud computing and its advantages which came as benefits for the financial organisations. The researcher has selected few financial organisations for his study against few determinants as suggested in the theoretical model , Theoretical Model , adopted from Delone and McLean IS Success Model (DeLone & McLean, 1992). The following factors were studied to understand how the selected financial organisations adopted cloud computing technology and eventually the benefits if any : Use of cloud due to various benefits, Cloud with AI implementation, Cloud use real-time streaming events, Efficiency, Security. The summary of the findings traced to each other that are related to Delone andMcLean IS Success Model (DeLone & McLean, 1992). It is proved from the study, that factors when mapped to the model gave a clear view that each of these factors align to the objectives and study of the model which was taken as base line for the exploratory research. It was also found that each of the financial organisations have several benefits which are revealed from this research paper.