Why the tech industry needs to standardise to meet the needs of Financial Services

Regulations are critical for ensuring financial entities act within proper parameters to protect investors and the economy as a whole. But how does this affect the cloud? Mauro Giles, Head of Global Alliances for ISV/OEMs at Micro Focus, provides a compelling reason why cloud providers need to standardize certain practices to make meeting regulations easier.

Giles also discusses how the cloud should not be viewed as product to be delivered. With the emergence of Big Data. Is the Platform-as-a-Service model the best option? Or should the industry move to a Software-as-a-Service model?