For the past two weeks we have been learning about the structure of a financial information system. I found this article to be interesting because it revolves around the hardware or infrastructure that supports the FIS.
David Weldon the author of the article predict 4 major moves in 2017.
- More systems are turning to cloud computing rather relying on its own in-house servers. Upgrading the physical hardware every couple of years is an expensive investment and as more companies are offering cloud computing as a service, why not pay them and worry less about maintaining your own system.
- Vendors are working together to minimize their faults and improve the services offered to their clients.
- Data efficiency and security are always a main concern for customers.
- Systems will be able to reach a point where they can make predictions, whether it is a forecast or a recovery time from a downfall.
While the author did point out great topics, I would also like to add one more bullet point to the list. I think the Internet of Things deserves a mention. While the author did briefly touch on IoT, I believe that we will see an increase of IoT products and services this year. This could affect FIS, in which IoT devices will be able to read and analyze data, such as scanning a Goods Receipt document and automatically creating a transaction that will update the Master Data.
Article Link: http://www.information-management.com/news/infrastructure/4-predictions-for-cloud-computing-and-machine-learning-in-2017-10030720-1.html