Cloud Technology Can Reduce Emissions in Financial Service Industry

Share This Post

Consumers have benefited immensely from the fintech revolution. FInancial transactions are easier than ever before, but that ease comes at a cost. For every financial transaction made, there are often carbon emissions associated with back-end processes making them possible. Due to the increased prominence of climate change issues, sustainability is becoming an important topic for financial industry consumers. 60% are more likely to purchase sustainable services, and roughly 85% of people globally have shifted their general purchasing behavior towards sustainability in the past 5 years.

Cloud computing can be part of the solution. From last year until 2024, transitioning to cloud computing is on track to save at least 629 million metric tons of carbon emissions overall, decreasing total IT emissions by almost 6%. Cloud computing is more energy efficient than traditional data centers. They replace physical machines with virtual ones. Cloud centers even decrease the production of e-waste. Cloud centers reduce the harmful effects of decommissioned servers, networking equipment, and racks in the landfill by diverting 81% of waste.

When green energy powers cloud data centers, the benefits double. Google Cloud is strategically choosing the location of data centers so they can achieve 24/7 carbon-free energy by 2030.


How the Cloud Can Help Reduce Carbon Emissions for the Financial Services Industry

spot_img

Related Posts

2. Network Security Software Empowers Your Digital Future

Explore how network security software transforms digital defense, merging firewalls, intrusion detection, and real-time alerts to trigger an unforeseen twist.

It Innovation Strategy: Empowering Future Growth

Discover how an IT innovation strategy can propel growth, unveil hidden secrets, and spark unexpected twists that challenge every assumption.

Network Security Tools: Empower Your Cyber Future

Uncover innovative network security tools battling unseen cyber threats, fortifying networks and exposing vulnerabilities, prepare for discoveries that will change everything...

Computing Innovation Definition: Enliven Tech Future

Discover how computing innovation definition sparks fresh ideas, reshapes tech history, and transforms tomorrow, what epic breakthrough awaits around the corner?

Network Firewall Security: Boost Reliable Protection

Explore network firewall security, where every clever defense layer hides a perilous secret waiting to change everything rapidly, what lies ahead?

Disruptive Innovation Examples: Spark Change In Industries

Explore disruptive innovation examples reshaping industries, from smartphones to AI breakthroughs. Unveil business revolutions that could change your world, discover what’s next!
- Advertisement -spot_img