Cloud-Computing in Banking - Influential Factors, Benefits and Risks from a Decision Maker's Perspective

Creators: Rieger, Phillip and Gewald, Heiko and Schumacher, Bernd
Title: Cloud-Computing in Banking - Influential Factors, Benefits and Risks from a Decision Maker's Perspective
Item Type: Conference or Workshop Item
Event Title: (Proceedings of the) 19th Americas Conference on Information Systems (AMCIS)
Event Location: Chicago, ILL, USA
Event Dates: August, 15-17, 2013
Projects: CROSS
Date: 2013
Divisions: Informationsmanagement
Abstract: In 2008 Gartner Group listed "Cloud-Computing (CC)" in its Hype-Cycle (Gartner, 2008). Since these days, enterprises in different industries discuss the utilization of cloud-computing for their own benefit. The banking industry traditionally is heavily dependent on information technology. Therefore, it can be assumed that cloud-computing could be of particular interesting for banks. This paper investigates the use of cloud-computing in German banks and the associated benefits and risks as senior management perceives them. Grounded in the TOE-Framework ten expert interviews with senior decision makers German banks have been conducted to evaluate the decision criteria pro and con cloud computing. Several factors influencing the cloud-computing decision have been detected, amongst them the technology supporting infrastructure, government regulations and security and compliance requirements. Furthermore the financial benefits came up as the most important perceived benefit and government regulation (esp. privacy/security regulations) are the most important risks perceived by senior management.
Forthcoming: No
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Citation:

Rieger, Phillip and Gewald, Heiko and Schumacher, Bernd (2013) Cloud-Computing in Banking - Influential Factors, Benefits and Risks from a Decision Maker's Perspective. In: (Proceedings of the) 19th Americas Conference on Information Systems (AMCIS), August, 15-17, 2013, Chicago, ILL, USA. ISBN 978-0-615-55907-0

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