{"id":878082,"date":"2024-11-19T08:22:19","date_gmt":"2024-11-19T02:52:19","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=878082"},"modified":"2024-11-19T08:52:18","modified_gmt":"2024-11-19T03:22:18","slug":"rbi-to-take-on-google-microsoft-with-its-first-ever-cloud-platform-report","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/11\/19\/rbi-to-take-on-google-microsoft-with-its-first-ever-cloud-platform-report\/","title":{"rendered":"RBI to take on Google, Microsoft with its first-ever cloud platform: Report"},"content":{"rendered":"<p>The Reserve Bank of India (RBI) plans to launch an affordable, local cloud data storage pilot programme in 2025, for financial firms, Reuters reported, citing two sources. This is a first-of-its-kind initiative by a major central bank. <\/p>\n<p>India&#8217;s cloud services market was estimated to be at $8.3 billion in 2023 and is expected to grow up to $24.2 billion by 2028. But it is largely dominated by foreign players. The RBI&#8217;s new initiative will use local IT companies and compete with global providers like Amazon Web Services (AWS), Google Cloud, IBM Cloud, and Microsoft Azure, it added.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Reserve Bank of India (RBI) plans to launch an affordable, local cloud data storage pilot programme in 2025, for financial firms, Reuters reported, citing two sources. This is a first-of-its-kind initiative by a major central bank. India&#8217;s cloud services market was estimated to be at $8.3 billion in 2023 and is expected to grow up to $24.2 billion by 2028. But it is largely dominated by foreign players. The RBI&#8217;s new initiative will use local IT companies and compete with global providers like Amazon Web Services (AWS), Google Cloud, IBM Cloud, and Microsoft Azure, it added.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[55,13,4],"tags":[],"class_list":["post-878082","post","type-post","status-publish","format-standard","hentry","category-it-2-live-mint","category-live-mint","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/878082","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=878082"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/878082\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=878082"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=878082"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=878082"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}