financial services nutanix [shutterstock: 797788618, ra2 studio]
[shutterstock: 797788618, ra2 studio]
Cloud Press Release

Financial Services Organizations Are Adopting Multicloud

Nutanix announced the financial services findings of its global 2022 Enterprise Cloud Index (ECI) survey and research report, which measures enterprise progress with cloud adoption in the industry.

Financial services survey respondents were asked about their current cloud challenges, how they’re running business and mission-critical applications now, and where they plan to run them in the future. Respondents were also asked about the impact of the pandemic on recent, current, and future IT infrastructure decisions and how IT strategy and priorities may change because of it.

The research showed that fewer financial services organizations have adopted multicloud than any other industry surveyed, trailing the global average by 10 percent. However, adoption is expected to nearly double from 26 percent to 56 percent in the next three years, in line with the global trend of evolving to a multicloud IT infrastructure that spans a mix of private and public clouds.

Among financial services ECI respondents, 31 percent are still operating non-cloud-enabled three-tier datacenters as their only IT infrastructure. They also reported having the lowest deployment of all industries surveyed in public cloud usage, with 59 percent using no public cloud services compared to 47 percent globally, likely due to substantial existing legacy investments in applications and the highly regulated nature of the industry.

The complexity of managing across cloud borders remains a major challenge for financial services organizations, with 84 percent of respondents agreeing that success requires simpler management across multicloud infrastructures, and 50 percent citing security concerns as a challenge to the multicloud model. To address top challenges related to security, interoperability, and data integration, 82 percent agree that a hybrid multicloud model – meaning an IT operating model with multiple clouds both private and public with interoperability between – is ideal.

About the author

E-3 Magazine

Articles published through E-3 Magazine International. This includes press releases by our partners as well as articles and reports from the E-3 team of journalists.

Add Comment

Click here to post a comment

Sign up for e3zine´s biweekly newsbites

Please do not use administrative mail adresses like "noreply@..", "admin@.." or similar as these may get blocked for security reasons.

We use rapidmail for dispatching our newsletter. By signing up, you agree that the data you have entered will be transmitted to rapidmail. Please take note of their terms and conditions and privacy policy.termsandconditions.

Our Authors