Goodbye datacenters, hello cloud: Fidelity’s asset management arm goes all in on AWS

The firm has migrated nearly 99% of its trading applications to the cloud and is on track to sunset all on-premises datacenters.

Fidelity Investments’ asset management unit is sunsetting its datacenters, so the firm will be supported fully by cloud technology. It has shut down most of them already.

As of this year, the Boston-based investment manager has migrated 98.8% of its applications exclusively to Amazon Web Services (AWS) and plans to stop using physical datacenters soon, said Girish Maraliga, senior vice president of architecture and platforms at Fidelity Investments, who gave a talk about the migration process

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