Banks must decide whether they want to cost savings by getting out of the data center industry as soon as feasible and utilizing the money saved to modernize, or if they want to prioritize establishing new business capabilities more rapidly and changing their working methods.Banks place a higher priority on modernization because doing so allows them to accomplish other business objectives, like implementing open banking strategies, big data, and enhancing their digital customer experience through AI. To choose this path, banks often need to hire fresh cloud talent for their team.