How these early adopters use the cloud to their benefit

Firms sometimes save as much as 30 % when shifting their functions to the cloud (Photograph by Getty)

Extra organizations are turning to the cloud, citing decrease overhead prices, higher knowledge asset administration and enhanced safety capabilities. Clay Magouirk, senior vp of Oracle Cloud Infrastructure Engineering, estimates that firms sometimes save as much as 30 % when shifting their functions to the cloud versus upgrading their on-premises IT methods. Check out three Canadian companies utilizing the cloud to maximise their development and affect:

EQ Financial institution

In 2019, EQ Financial institution—the digital arm of the branchless Equitable Financial institution—grew to become the primary financial institution in Canada to maneuver solely to cloud-based operations.

“We’re reversing the normal business method of armchair applied sciences to innovate sooner and higher serve Canadians,” Dan Dickinson, senior vp and chief data officer, mentioned in an announcement.

The Financial institution began its cloud transformation course of in 2016 with an purpose to supply higher on-line consumer expertise. It strengthened its back-end system through the use of Microsoft Azure platform in addition to Atlassian cloud-based software program improvement instruments.

The financial institution additionally mentioned the transfer spared them from “tedious” IT infrastructure upkeep duties, whereas considerably slicing overhead prices, permitting it to supply checking and financial savings accounts to its prospects at no cost.

Not too long ago, a few of Canada’s largest brick-and-mortar banks, corresponding to CIBC (Microsoft Azure), Scotiabank (Google Cloud) and BMO (Amazon Net Companies), have elevated their capabilities and made important cloud commitments.

“Each monetary companies firm as we speak has an unimaginable alternative to use advances in cloud computing to redefine each facet of their enterprise,” mentioned Microsoft Canada Vice President Options Jia Mansour. “EQ Financial institution is an effective instance of this transformation.”


A licensed on-line sports activities guide in Ontario, PointsBet was one of many first to be accredited within the province’s newly created iGaming class previous to the April 2022 rollout of regulated non-public sports activities betting.

The corporate has developed a cloud-based platform that it says gives the dependable IT infrastructure wanted to keep away from errors and glitches that would show “disastrous” in an more and more aggressive market of on-line betting platforms.

“The damages may run into the hundreds of thousands of {dollars} as gamers transfer their enterprise elsewhere and the reputational and model harm could possibly be tough to reverse,” it mentioned in a launch. The cloud additionally permits the corporate to entry knowledge sooner.

What was estimated for an engineer to hand-code in two weeks, “can now be achieved in 4 hours,” mentioned Mayan Dermer, PointBet’s knowledge engineering lead. [using cloud technology],

canadian nationwide railway

Final December, CN introduced a seven-year strategic partnership with Google Cloud as a part of its transfer towards digitally scheduled railroading. The brand new operation mannequin can be powered by Google Cloud’s synthetic intelligence and machine studying instruments, which CN says will improve the logistics of its planning, transport, monitoring and fee instruments.

The cloud-based mannequin is an effort to modernize CN’s expertise and infrastructure, which is able to depend on new expertise to ship predictive upkeep capabilities as rail operators start to maneuver most of their infrastructure from on-premises to the cloud. offers.

Jim Lambe, Managing Director, Google Cloud Canada, mentioned in a launch, “The transportation and logistics business is quickly evolving to create a extra versatile, responsive provide chain that adapts to international occasions and gives prospects with larger visibility and suppleness. “

“Our partnership with Google Cloud is central to our strategic plan,” mentioned Dominic Malefent, CN’s government vp and chief data and expertise officer, “and reinforces our dedication to digitizing scheduled railroading … in these applied sciences.” By investing in prospects that present prime quality service, enhance safety, and construct capability.”

keep within the sport

Study why cloud adoption will proceed to speed up, take an in-depth take a look at the advantages and problems with cloud computing, and discover CPA’s high 5 questions in regards to the cloud.

affect of massive tech

Large Tech has established itself as a pacesetter in cloud platform internet hosting and deployment all over the world. Google, Microsoft and Amazon are the “huge three” in cloud expertise, whereas different giants corresponding to IBM and Oracle are additionally turning extra company focus and advertising in the direction of cloud companies. Amazon’s cloud-hosting arm, Amazon Net Companies, hosts a 3rd of all international enterprise on the cloud, which incorporates important companies corresponding to on-line banking, along with many authorities contracts within the US and Canada.

All of those corporations are making important inroads into Canada – the place non-public and public partnerships are fostered and a various, well-trained worker base exists – because it turns into a hub for main cloud improvement. For instance, IBM not too long ago opened its “Cloud Modernization Middle” in Gatineau, Quebec, the place it can work with the federal authorities to speed up its cloud capabilities (a survey of presidency leaders in Canada discovered that 87 P.c felt that modernizing IT infrastructure needs to be a high precedence).

This is a take a look at the place Large Tech is establishing store nationwide:

Amazon Net Companies
Google Cloud Platform
oracle cloud
Microsoft Azure

Amazon Net Companies (early 2023)
google cloud

Quebec Metropolis:
Microsoft Azure

IBM Cloud

google cloud
IBM Cloud
Microsoft Azure
oracle cloud
Tencent Cloud

Amazon Net Companies
google cloud
Microsoft Azure

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