SocGen to move datacenter footprint in Americas to AWS, Azure

SG Americas plans to significantly reduce and even close datacenters in the US as a result of moving to the cloud and defining controls around cloud and data governance.

In the capital markets, the shift of compute power and data storage from on-premise equipment or third-party datacenters to the cloud continues full steam ahead. However, establishing good data governance in cloud environments is emerging as a challenge to making the most of cloud’s performance-enhancing and cost-reducing potential.

Examples of recent cloud migrations among large banks and asset managers include: Fidelity’s asset management arm, which has migrated 98.8% of its applications

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