Cloud Computing Readiness Assessment for banking sector in Ethiopia
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Date
2017-02-07
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Addis Ababa University
Abstract
Cloud Computing is becoming popular because of its promises such as cost reduction, on demand self-service, broad access network, resource pooling , rapid elasticity , measured service, little or no set up capital and faster time to market. However, the adoption of such a technology should be planned ahead of time taking into consideration the various factors that make adoption successful. Proper understanding of barriers and coming up with ways to mitigate them will improve the Cloud Computing readiness level of organizations.
Since Cloud Computing is relatively new and is still in its early stages, not much work has been done to inform organizations about the barriers and enablers of Cloud Computing. Available guidelines to help organizations improve their Cloud Computing readiness level are also inadequate. This is risky for the banking sector that deal with sensitive customer information as the safety of that information is not guaranteed if a desired readiness level is not attained before implementation.
In order to assist the banking sector this research identified and discusses the barriers and enablers of Cloud Computing in order to be able to come up with solutions to the barriers.
The study was conducted based on the data gathered from four banks in Ethiopia; three private banks (NIB International bank, Oromia International bank and Wegagen bank) and one state owned bank (Commercial Bank of Ethiopia).
A mixed research approach was used to answer the research questions that emerge through the review of existing literature.
The result of the study indicated that, that Cloud Computing readiness level of Ethiopia banking sector is low.
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To answer the research questions, the Cloud Computing readiness of Ethiopia banking sector is still in its early stages as most of the banking sector are not yet ready for Cloud Computing adoption. Some of the barriers of Cloud Computing adoption include security and privacy, governance issues, confidentiality, etc.
The enablers of Cloud Computing adoption include scalability and flexibility, broad network access, pay per use, economies of scale and cost effectiveness, reliability, increases speed of time to market, user centric interfaces, improved communication, improved focus on core business, scalability, cost reduction etc
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Keywords
Cloud Computing, cloud adoption, implementation, banking sector, readiness, Cloud Computing readiness Assessment