TRENDING
NUTANIX STUDY SHOWS FINANCIAL SERVICES ORGANISATIONS ’ PUSH TOWARDS HYBRID CLOUD MODEL IS BUILT ON PRIVATE CLOUD INVESTMENTS
A report from Nutanix shows 43 % of financial services companies globally plan to increase their investment in private cloud over the next year .
Nutanix , a leader in private cloud , hybrid and
multi-cloud computing , has announced the financial services industry findings of its third annual Enterprise Cloud Index Report , measuring organizations ’ plans for adopting private , hybrid and public clouds .
The findings point to a Digital Transformation within the industry , with half of respondents ( 50 %) reporting that COVID-19 caused them to increase their investment in hybrid cloud .
In the industry ’ s five-year outlook , hybrid cloud is the only IT model showing positive growth among financial company respondents and it is expected to increase by 39 % in that timeframe . In addition , 43 % of financial services companies plan to increase their investment in private cloud over the next year , 10 % higher than the
Historically , financial services organizations have explored public cloud offerings when decommissioning legacy data centers .
global average ( 33 %) – pinpointing that private cloud adoption is crucial to creating a modern hybrid cloud . Other key findings of this year ’ s report include :
• Security concerns are driving private cloud adoption : Financial services organizations ranked security , privacy and compliance issues as the most concerning when running applications within public cloud solutions ( 62 %). Respondents were
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