Using Cloud Computing in Financial Institutions in Russia

Abstract

The modern economy is developing under the influence of information and communication technologies. Cloud computing, Big Data, cyberphysical systems, here is an incomplete list of new directions, which with huge success is seen in every sphere of management and economy. This chapter deals with innovative ways of development connected with the use of cloud computing in the financial sphere. The history of occurrence and the basic preconditions in the development of cloud technology are analyzed. The major stages of the adoption of cloud computing in world development are considered. The main characteristics of cloud computing are explored: the types of clouds and methods of their provision are presented. The analysis of the Russian cloud technology market is carried out, the basic features and tendencies are revealed, and the further ways of development are defined. The evaluation of the possibility of using cloud computing in the financial institutions of the Russian Federation is given. Keywords: IT technologies, cloud computing, types of clouds, kinds of cloud services, income of the Russian cloud computing market, cloud services in financial institutions, growth rate of cloud computing, cloud automated banking systems, advantages of cloud computing implementation