The finance industry has witnessed a rapid shift toward digital transformation, driven by changing consumer expectations and the need to utilize data effectively. However, there is no single way to conduct this transformation—businesses may utilize different strategies and tech stacks to build their digital presence. In this article, we look at one particular approach: Kubernetes-managed services. What is it, and what benefits does it provide? Find it all out!
What Are Kubernetes-Managed Services?
Kubernetes-managed services are cloud-based offerings that handle the deployment, scaling, and management of containerized applications. Their name derives from the use of Kubernetes, an open—source containerization platform. These services abstract much of the complexity involved in managing Kubernetes infrastructure, providing organizations with a streamlined, automated way to run their applications across various environments, including on-premises data centers, public clouds, and hybrid clouds. This way, businesses can focus on developing and improving their applications rather than dealing with the intricacies of container orchestration.
Kubernetes-managed services are particularly beneficial for organizations that require high availability, scalability, and efficiency. This is why they are a popular choice in finance, where developing new services and scaling rapidly is a must.
The Benefits of Kubernetes-Managed Services
What are the main benefits of opting for Kubernetes-managed services in digital banking? Take a look at our list below!
Flexibility and Scalability
With Kubernetes, adding new services in the form of containers is quick and easy. This also enables you to scale your architecture according to your current needs, avoiding disruptions caused by, for instance, an increase in demand or traffic.
Banking mobile apps greatly illustrate the above. Kubernetes-managed digital services enable you to store data in multiple containers and scale them based on the number of users in the app at a given time. This way, your organization won’t suffer from drops in performance caused by fluctuating traffic.
Cost Efficiency and Resource Optimization
Managing costs and optimizing resource usage are the goals of any organization, whether in finance or any other industry. Kubernetes will let you achieve both. How?
Containerization allows applications to run with minimal overhead, as containers share the host operating system and only include the necessary dependencies. This efficiency reduces the need for additional hardware and infrastructure, lowering operational costs. In simple terms, with Kubernetes-managed services, you don’t need a massive infrastructure that can handle all your services at once; instead, you just need to have one that can cope with maximum heat.
Improving Operational Resilience and Disaster Recovery
Kubernetes enables the replication of workloads across multiple data centers or cloud regions. This geographic redundancy ensures that critical services remain available, even in the event of a regional outage.
Using Kubernetes will enable you to minimize the time and effort required to restore services. As a result, you’ll significantly decrease the impact of disruptions on your customers, helping you build a better overall customer experience.
The Takeaway
Kubernetes-managed services are a popular direction in finance for a reason—they have multiple benefits. Nevertheless, it is not the one and only solution you can apply in banking. You need to analyze all the available options and juxtapose them with your needs; only then will you be able to make the right decision.
