There’s a lot to be thankful for this Thanksgiving holiday – friends, family, cranberry sauce. But before you log off for the feast, take a moment to be thankful for the cloud, too. Here are four ways the cloud is helping to protect your credit union.
1. Security
The cloud provides enhanced security options that are easier to configure than on-premises servers. With a few clicks in your cloud environment, your credit union can achieve data encryption that would have taken much more effort with an on-premises server. That’s easier than protecting the mashed potatoes until the rest of the meal is ready. This also means you can easily change or update your security settings as needs or policies evolve.
2. Access
The cloud allows your credit union to easily integrate third party services to deliver the insights on your data that your credit union needs. No more working with a vendor to build a custom solution or plug in – with the cloud, integration is quick and painless, like ordering catering for your Thanksgiving dinner.
3. Cost Effectiveness
Running your data warehouse in the cloud has all the power of real mashed potatoes, with the cost savings of boxed mashed potatoes. Your on-premises server is clunky, and needs a lot of space and maintenance. A cloud server needs neither – hosted in a location that you’re not responsible for and monitored by a team you didn’t have to hire, many cloud server subscriptions cost as little as $200 a month or less.
4. Processing Time
Perhaps one of the biggest reasons to be grateful for the cloud is the processing time. What takes over a day to process on-premises takes only seven hours on the cloud – that’s enough time to cook and eat your Thanksgiving dinner! Reduced processing time means your credit union has more to focus on action, rather than analysis.
2023 has given us a lot to be thankful for – and a lot to work on in 2024. If your credit union isn’t satisfied with its on-premises servers, consider investing in the cloud – you’ll find there’s a lot more than four things to be thankful for.
This article was written by Bill Lehman, Chief Marketing Officer at Trellance.
