Half of UBS applications will move to the Microsoft Azure cloud environment over the next five years
UBS and Microsoft announced a landmark expansion of their partnership to accelerate UBS’s transition to cloud services.?
In 2018, the two companies agreed on a plan to move one-third of UBS’s applications to the public cloud within four years. Within an updated initiative, the Swiss financial provider will have more than 50% of its applications, including critical workloads, running on Microsoft Azure by 2027.?
Moreover, now the partnership includes the co-development of innovations and greater collaboration in areas like carbon reduction. Microsoft Azure remains UBS’s primary cloud platform, helping to promote its “cloud-first” strategy and the modernization of UBS’s global technology estate.
Achieving the previous goal of transferring 30% of applications to the cloud allowed UBS to slash the energy consumption of its workloads by up to 30%.
Besides, the partners co-developed an open-source Carbon Aware API. It provides recommendations on scheduling workloads that require heavy computing power during times when clean, renewable or low-carbon sources of electricity are most available. This solution can be shared with large and small companies around the world via Green Software Foundation.
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Nina Bobro
Nina is passionate about financial technologies and environmental issues, reporting on the industry news and the most exciting projects that build their offerings around the intersection of fintech and sustainability.