Question

Joe Kwo recognizes that the cloud offers both opportunities and risks. How would a move to the cloud make it easier and/or more profitable for Fintech to provide large volumes of selected data to its clients?

Answer 1

Answer: The movement to the cloud would make it simple for Fintech to give large volumes of selected data to the firm's clients

Explanation:

Cloud computing is the storing and accessing of programs and data over the internet instead of using the computer's hard drive.

The movement to the cloud would make it simple for Fintech to give large volumes of selected data to the firm's clients because the clients will get helpful insight from their data by using cloud.

Another benefit is that Fintech could rent a service rather than making huge up-front investments in software and hardware. This would save Fintech some funds and make the firm more profitable.