When Governments Move Faster Than Banks: Lessons from the public sector’s approach to cloud

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WHEN GOVERNMENTS MOVE FASTER THAN BANKS : LESSONS FROM THE PUBLIC SECTOR’S APPROACH TO CLOUD

  • Jessica Bevan, Peter Kennedy, Lawrence Aggleton
  • Published: 05 May 2022

 

Banks can learn much from the public sector’s approach to cloud adoption, including how to address security concerns as one body, avoid vendor lock-in and use cloud computing for business insights and growth.

The Covid-19 pandemic speeded up UK government investment in cloud technologies. Given strict security requirements and the challenge of attracting tech talent to the public sector, how has the government pursued growth in this area – and what lessons can be learned by the financial services industry? In this paper, we consider four key aspects: cloud cyber-security strategy, vendor lock-in,  maximizing the value of the cloud and shifts in ways of working.

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