Bank of England (BoE) plans cloud-based data and analytics platform as well as artificial intelligence (AI) pilots.

Following an independent review of the Bank’s approach, the BoE has embarked on a seven-step refresh of its data and analytics (D&A) strategy. Explaining the plan in a speech, James Benford, BoE director for data and analytics transformation, stated that at its heart is a new cloud strategy and an "ambition to manage the Bank’s data on the cloud unless there is a strong reason not to".

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