As a country that is experiencing exponential growth in data volume, Indonesia and its banking system have yet to fully implement cloud computing technologies due to regulation barriers and a lack of decent infrastructure.

"Major banks in Indonesia, most of which are our clients, have 10 to 40 million customers with hundreds of millions of transactions every day,"IT solution provider Teradata Indonesia president director Erwin Z Achir said in Jakarta on Monday.

Banking services are among the data giants who generate terabytes of data every day and has yet to move to cloud computing technology a type of Internet-based computing with which different services are delivered to an organization's computers and devices through the internet.

Under Government Regulation No. 82/2012 on the Management of Electronic Transactions and Systems, data and disaster recovery centers for public services must be located within Indonesia, meaning that Indonesian banks must store its customers' data in the country

Therefore, Indonesian banks that previously operated data centers located overseas must repatriate their information.

According to a 2014 survey by IDC Financial Insights on data centers, most Indonesian banks expect a 10 to 20 percent data volume growth rate per year.

Meanwhile, Fajar Muniandy, Teradata chief solution architect, said moving to clouds has yet to be an option for the companys clients because of their massive amounts of data.

He added that cloud computing was currently being adopted by startups and smaller companies because they had built their systems from the beginning. (dis/bbn)

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Indonesia banks have yet to implement cloud computing - Jakarta Post