Cloud Computing

How the Cloud is Revolutionizing Fintech & Healthcare Services in San Diego

Fintech and healthcare have grown enormously since the pandemic. According to data from Statista, the digital assets market alone is expected to show a 34.5% revenue growth for the United States in 2024. For these markets, the cloud has become a massive tool that is revolutionizing industries in San Diego in a few ways. 

Better Crisis Management for Data

Thanks to cloud computing, the risk of irreparable data loss is minimized. In industries as important and commonly targeted as fintech and healthcare, it’s a wonder that cloud platforms have reached a point where anomalies are quickly detected and any potential data crises can be averted quickly. 

At the forefront of this in San Diego are some financial industry solutions like IBM Cloud, which was designed to provide early-stage fintech the ability to innovate without being at risk of compliance failures and the like. This sort of powerful business continuity is built up from the programs and systems laid out by pioneers like former CEO Ginni Rommetty. Being well-versed in crisis management since leading the Global Services Americas division, she would put down the groundwork for this type of fearless innovation. Now, new names entering the field are able to access robust resources with fewer of the risks that once plagued the industry. 

More Accessible Education in Fintech and Healthcare

With rapid digitalization, there is a demand for a more skilled workforce that is able to keep up with changing times. An analysis of modern workers has found that there is a growing tech skill gap because of how rapidly big strides forward are being released. Thankfully, major figures in San Diego have dedicated assets to ensure that cloud technology can broaden public cloud resources. 

CloudBank is leading this charge with its streamlined cloud request process so that research and business operations can seamlessly operate and get the information they need. The services under this movement also include frontline user support and flexible cloud terms for sustainability. This is largely made possible by its partnership with UC San Diego, which is seeing the fruits of its labor after completing its cloud data migration and digital Epic EHR implementation. Researchers and operational managers are now able to make use of more resources to achieve the best results in their respective fields. 

 Reliable Telehealth for People and Their Pets

Telehealth became an undeniable need in society during the pandemic, allowing citizens to access important prescriptions and necessary medical advice without endangering themselves during a public health emergency. Although the SoCal city has since added a few more regulations post-pandemic, the healthcare industry is still seeing amazing shifts in telehealth. 

This is primarily because of cloud databases that ensure all patient information is kept secure while being easily accessed by authorized users. MongoDB powers much of these processes as a database and developer data platform. This means that medical providers will be able to sustainably cater to different patient needs more efficiently because the system is scalable and offers a flexible data model. Additionally, its efficient querying system and interoperability enable remote sessions that still feel just as valid as in-person checkups. 

The advancement of this cloud-based technology combined with new legislation is making telehealth more viable than ever in the city. A new assembly bill even potentially makes it possible for veterinarians to opt for telehealth consults and assistance, which is a real feat considering how strict California is when it comes to telehealth. 

Streamlining Digital Banking

Last but not least, the cloud has completely revitalized digital banking as traditional banks continue to go digital. Huge names like Axos and Chime have been huge proponents in the adoption of new fintech solutions, and it has resulted in more agility and efficiency during this transitionary period.  So, even individuals with no buy-in or knowledge will be able to get into digital banking. 

Thanks to the cloud, Axos Bank doesn’t need a physical branch that would usually serve as the backup point for more challenging needs. This lower operational cost enables the bank to strike monthly fees, allow unlimited reimbursements for ATM fees, and keep users’ sensitive data private and updated. With seemingly simple yet effective strides like this, the bank is likely to retain its spot as the most trusted online bank in San Diego.