The Impact of Cloud Computing and Big Data Technology on Digitalization in Financial Industry

Abstract

As synthesizer of information technologies, cloud computing and big data produce a profound impact on all walks of life. Therefore, financial industry should tread on the heels of times and explore reform paths. Under the background, this study analyzes how reform of traditional financial industry is affected by cloud computing and big data technology. Moreover, in view of shortcomings of traditional finance, it narrates importance and significance of cloud computing and big data technology. Finally, it proposes application fields and prospects of cloud computing and big data technology in financial industry.