<abstract xmlns="http://www.w3.org/1999/xhtml">

<p>Current research on cloud computing often focuses on the technology itself and the benefits that one company can use and choose from cloud services. Most of the research has focused on mainstream enterprises and limited regard to Central Banks’ (CBs’) Cloud Computing Adoption (CCA). CBs are continually exploring opportunities to enhance IT efficacy while minimizing expenditures and ensuring data protection and network security. This paper investigates the factors affecting the CBs’ CCA by surveying 40 CBs representing approximately 25% of total CBs worldwide. The main participants were senior IT managers who are responsible for any IT decisions in CBs. The findings are also significant for other organizations or businesses where data privacy is crucial. The study results indicate that CBs are still reluctant to migrate to the public cloud. Influential factors preventing CCA are data protection, privacy, and risks.</p>
</abstract>

Current research on cloud computing often focuses on the technology itself and the benefits that one company can use and choose from cloud services. Most of the research has focused on mainstream enterprises and limited regard to Central Banks’ (CBs’) Cloud Computing Adoption (CCA). CBs are continually exploring opportunities to enhance IT efficacy while minimizing expenditures and ensuring data protection and network security. This paper investigates the factors affecting the CBs’ CCA by surveying 40 CBs representing approximately 25% of total CBs worldwide. The main participants were senior IT managers who are responsible for any IT decisions in CBs. The findings are also significant for other organizations or businesses where data privacy is crucial. The study results indicate that CBs are still reluctant to migrate to the public cloud. Influential factors preventing CCA are data protection, privacy, and risks.

Adoption of Cloud Services in Central Banks: Hindering Factors and the Recommendations for Way Forward

Journal of Central Banking Theory and Practice

This work is licensed under the Creative Commons Attribution 4.0 International License.

Current research on cloud computing often focuses on the technology itself and the benefits that one company can use and choose from cloud services. Most of...

Adoption of Cloud Services in Central Banks: Hindering Factors and the Recommendations for Way Forward

Published Online: Apr 30, 2022

Page range: 123 - 143

Received: Jan 26, 2021

Accepted: Apr 27, 2021

DOI: https://doi.org/10.2478/jcbtp-2022-0016

Keywords
Central Banks, Cloud Computing Adoption, Cloud Services, and Hindering factors

© 2022 Darell Edmond et al., published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

Adoption of Cloud Services in Central Banks: Hindering Factors and the Recommendations for Way Forward

Published Online: Apr 30, 2022

Page range: 123 - 143

Received: Jan 26, 2021

Accepted: Apr 27, 2021

DOI: https://doi.org/10.2478/jcbtp-2022-0016

KeywordsCentral Banks, Cloud Computing Adoption, Cloud Services, and Hindering factors

© 2022 Darell Edmond et al., published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

Keywords
Central Banks, Cloud Computing Adoption, Cloud Services, and Hindering factors