1. bookVolumen 11 (2022): Heft 2 (May 2022)
11 Mar 2014
3 Hefte pro Jahr
access type Uneingeschränkter Zugang

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

Online veröffentlicht: 30 Apr 2022
Volumen & Heft: Volumen 11 (2022) - Heft 2 (May 2022)
Seitenbereich: 123 - 143
Eingereicht: 26 Jan 2021
Akzeptiert: 27 Apr 2021
11 Mar 2014
3 Hefte pro Jahr

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.

JEL Classification

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