Cloud computing is an application-based software infrastructure that stores data on remote serves, which can be accessed through the internet. To understand how cloud computing works, it can be divided into front-end and backend.

Cloud managed services generally include day-to-day monitoring and management of cloud service environments, including configuration management.

SaaS allows users to ‘rent’ or subscribe to a software application and execute it online, rather than purchasing it to install on in-house computers. The Cloud services provider installs, operates, and maintains the required type of software application on behalf of the company.

Cloud Computing is a process of delivering/enabling scalable, expandable and almost perfectly elastic software services using internet technologies. It is a method of delivering Software as a Service (SaaS), delivered in a pay-per-use basis.

Digitization is the conversion of data into a digital format with the adoption of technology. Adoption of digitalization is very important for the banking sector.

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