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More local companies migrate to cloud computing to boost business efficiency
Bank Rakyat Indonesia (BRI) is among local financial companies that have enjoyed the benefits of cloud computing technology
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State-owned Bank Negara Indonesia (BRI) is among financial companies using cloud computing. (tempo.co/Eko Siswono Toyudho )
W
ith high speeds, taking up less physical space, but with large capacities and associated with lower costs, there are many advantages to cloud computing.
Cloud computing, the on-demand availability of computer system resources, especially data storage and computing power, is becoming more popular among business players in the country, from the most profitable bank in the country to retail start-ups.
The technology not only provides large storage capacity but also speeds up data processing, thereby improving cost efficiency.
The country’s largest and most profitable bank, Bank Rakyat Indonesia (BRI), is among financial companies that have enjoyed the benefits of cloud computing technology. BRI’s chief technology officer, Indra Utoyo, said adopting new technology was important for BRI, considering its wide market. Using application programming interface (API) technology, the bank could reduce the time it needed to assess loan applications from two weeks to two hours, he said.
“Services like credit scoring for loans has become faster ever since [we adopted cloud computing],” he said at a press briefing for Google Cloud Indonesia’s annual Jakarta Cloud Summit 2019 on Sept. 5.
In the entertainment industry, theater chain Cinema XXI has also begun using cloud computing to manage some 1,000 screens across the country.
Cinema XXI chief technology officer Andrew Pangestu acknowledged that the entertainment industry, such as theaters, had been late in adopting information technology (IT). “In recent years, however, there has been a technology leapfrog as we are facing competition from other entertainment platforms, such as the over-the-top [OTT] platforms,” he said.
