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  "documentTitle": "Banking on AI Banking Top 10 Trends for 2024",
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      "text": "For this reason, the initial impetus to move to the cloud came mostly from their IT organization. Recognizing the security, variable pricing and scalability advantages, they started to move their less critical applications to the cloud. By 2022, the average bank had migrated 15% of its workloads, up from 8% the previous year. Some benefits were achieved, but there was a clear divide between the transformative outcomes claimed by most financial services firms.",
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      "text": "The main reason for this under-performance was that when banks first started moving to the cloud they kept their operating models largely unchanged. Instead of ramping up to cloud speed, they forced the cloud to operate at bank speed. It was never allowed to get out of second gear.",
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      "text": "Today, many banks are on their second or third journey to the cloud. Most of the impetus now comes from the business, which recognizes that the road to capturing the value of data, generative AI and other emerging technologies runs through the cloud. And that the cloud is not just a different place to locate their data and applications, but a different way of working and thinking—a cloud-first way.",
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