Tag Archives: HSBC

HSBC: Why machine learning is accelerating cloud adoption
May 9, 2017 6:10 pm|Comments (0)

The financial sector may be one of the more cautious industries when it comes to adopting the cloud. But for HSBC the ability to analyse large volumes of information and access machine learning tools via APIs has served as a catalyst for its own cloud ambitions.

Banks are, by their nature, data-intensive organisations, and HSBC — one of the world’s largest banks, with 37 million customers and billions of dollars in assets — is certainly no exception.

The 150-year old lender has around 100 petabytes of information across its organisation, and that figure is growing fast, too, as customers change the way they bank, favouring digital interactions over traditional methods.

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