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Microsoft launches Cloud for Finance, Manufacturing, and Nonprofit
by Paul Davenport Paul Davenport on

While cloud computing has had broad positive (and transformative) implications across industries, every vertical leverages the cloud differently to suit their unique services and offerings.

Microsoft is taking another step in giving specific industries their very own vertical-oriented cloud playgrounds with the introduction of three new suites: Microsoft Cloud for Financial Services, Microsoft Cloud for Manufacturing, and Microsoft Cloud for Nonprofit. These join previously announced Microsoft Clouds for Healthcare and Retail, which are expected to go live in March and April 2021, respectively.

With each of these vertical-specific cloud offerings, Microsoft has combined common data models, cross-cloud connectors, and APIs with industry-specific standards and components to give businesses access to vertically-optimized versions of Microsoft’s most popular enterprise tools (ie. Microsoft 365 and Teams, Azure, Microsoft Power Platform, Dynamics 365, and security solutions).

Integral with these efforts is Microsoft’s commitment to broaden collaboration and innovation with new and existing customers and partners, helping drive cloud optimization alongside the providers and solutions on the front line of business transformation.

Along with vertically-flavored versions of the traditional Office 365 suite, Microsoft has developed a bevy of new tools that optimize on emerging tech unique to each industry. The Microsoft Cloud for Financial Services includes a prebuilt Loan Manager and Banking customer engagement, for example, with customers like ABN AMRO and Manulife are already taking advantage of some of its capabilities.

Similarly, leaders in the industrial space have gotten the chance to start testing out Microsoft Cloud for Manufacturing when the solution played a part in the VentilatorChallengeUK, where a consortium of companies helped the United Kingdom increase ventilator production from 50 to 1,500 per week. This cloud will adhere to standards from the OPC Foundation, Open Manufacturing Platform, and Digital Twins Consortium.

Launching at the end of June, the Microsoft Cloud for Nonprofit includes donor-management, volunteer management, and fundraising functionality, helping to give tools to the nonprofit space to help them scale up operations alongside increased times of need.

As enterprises continue to transform and scale up to face the unique challenges being thrown their way regardless of vertical or sector, they need to ensure that the technological infrastructure supporting the business is optimized for the new realities of work.

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Filed Under: industry insights

Tags: enterprise cloud, cloud transformation, cloud computing, Office 365, Microsoft 365, Azure, Microsoft Cloud, financial technology, fintech, financial services, finance, nonprofit, retail, healthcare, manufacturing

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