Serverless cloud services are a type of cloud computing that allows businesses to access computing resources without having to maintain a physical server. This type of cloud computing can provide businesses with a cost-effective solution for their computing needs. It can also provide businesses with the flexibility to scale up or down their computing resources as needed. The Newswise Live website provides an in-depth look at serverless cloud services and how they can benefit businesses.

A survey of bank executives recently revealed that cloud computing is a top-five spending priority and eight out of ten respondents said they plan to increase their cloud computing investments. In response to this, the FDIC has announced plans to transition to cloud computing. However, the FDIC's Office of Inspector General has issued a report criticizing the FDIC's plans, citing a lack of risk assessment and inadequate security measures. Banks should take heed of this warning and ensure that their cloud computing investments are secure and properly managed.

According to Foundry's 2023 Cloud Computing Survey, more than half (52%) of organizations' current IT environment is in the cloud, and this is expected to increase to 63% over the next 18 months. The survey, which was conducted to measure cloud computing trends among technology decision-makers, revealed that the main objectives driving cloud spending are enabling disaster recovery and business continuity, replacing on-premise legacy technology, lower total cost of ownership, improving employee productivity, and greater flexibility.