Microsoft Launches New Cloud Platforms Built for Financial Services Firms, Nonprofits and Manufacturers

Microsoft CEO Satya Nadella announced on Wednesday three new industry mists to bring an advanced and exhaustive tech stack to clients in financial services, nonprofits and assembling. These new services will help organizations settle on quicker and more keen choices and construct their own tech arrangements, the CEO said in a video introduction.

Organizations can utilize these abilities to improve time to esteem, increment spryness, and lessen costs, as indicated by Nadella.

"Across all these sectors, it's no longer sufficient for organizations to just adopt technology, they need to build their own technology to compete and grow," he said.

In a video declaration of the news, Nadella portrayed how clients in every area are utilizing these customized cloud services. Novartis is utilizing man-made brainpower to make it simpler and less expensive to fabricate new medications. BlackRock is relocating its stock exchange stage to the cloud. Johnson Controls is utilizing computerized twins to change how structures are planned, assembled and overseen.

"All three companies used our platforms and tools to build tech intensity and overcome big challenges," he said.

Nadella described "tech intensity" as a combination of tech adoption and tech capability which is also influenced by the degree of trust in both elements. Employees and customers have to have confidence in the business model alignment and the tech platform for these solutions to succeed, he said.

Nadella said Microsoft uses these four principles to guide this work:

• Building trust in business model alignment
• Ensuring customer ownership and control of data
• Using subject matter experts to guide industry customization
• Collaborating with a strong partner ecosystem 

Alysa Taylor, corporate vice president for business applications and global industry at Microsoft, joined Nadella in the video presentation to explain how these three new cloud products are tailored to the needs and challenges of the specific industries. According to a blog post by Taylor, Microsoft created these customized cloud services by bringing together common data models, cross-cloud connectors, workflows, APIs, and industry-specific components and standards with Microsoft 365 and Teams, Azure, Microsoft Power Platform, Dynamics 365 and security solutions.

Microsoft Cloud for Financial Services

This offering combines APIs, security and compliance for banks and other financial institutions. According to Microsoft, retail banks use this cloud service to create a 360-degree view of the customer with greater insight to determine the next best action. A feature called Loan Manager makes it possible to close loans faster by streamlining workflows and increasing transparency through automation. Microsoft announced that a public preview of this cloud will start in March and that ABN AMRO and Manulife are already using some of the functionality.

Microsoft Cloud for Manufacturing

This industry-specific product is meant to combine new and existing capabilities to connect people, assets, workflows and business processes, according to Microsoft. Taylor said during a video presentation that companies that contributed to the Ventilator Challenge UK used some of these capabilities to take production of ventilators from 50 per week to 1,500. This cloud product will be available for public preview by the end of June.

Microsoft Cloud for Nonprofits

This service is designed to make it easier for charitable organizations to engage supporters, fundraise, design and deliver programs, and manage volunteers by using a common data model. Right to Play used these cloud services to increase donors from 100 per month to more than 3,000, according to Microsoft.