Intelligent CIO Europe Issue 54 - Page 75

IT LEADERS ARE REALISING THAT THERE IS NO ONE- SIZE-FITS-ALL APPROACH TO THE CLOUD , MAKING HYBRID MULTI-CLOUD IDEAL ACCORDING TO THE MAJORITY OF RESPONDENTS ( 82 %).
INDUSTRY WATCH

IT LEADERS ARE REALISING THAT THERE IS NO ONE- SIZE-FITS-ALL APPROACH TO THE CLOUD , MAKING HYBRID MULTI-CLOUD IDEAL ACCORDING TO THE MAJORITY OF RESPONDENTS ( 82 %).

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

Among financial services ECI respondents , 31 % are still operating non-cloud-enabled three-tier data centres as their only IT infrastructure . They also reported having the lowest deployment of all industries surveyed in public cloud usage , with 59 % using no public cloud services compared to 47 % 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 organisations , with 84 % of respondents agreeing that success requires simpler management across multi-cloud infrastructures and 50 % citing security concerns as a challenge to the multi-cloud model . To address top challenges related to security , interoperability and data integration , 82 % agree that a hybrid multi-cloud model – an IT operating model with multiple clouds both private and public with interoperability between – is ideal .
“ While the financial services industry appears to be in the early phases of deployment , the evolution to an interoperable multi-cloud IT infrastructure that spans a mix of private and public clouds is underway ,” said Anand Akela , VP of Product and Solutions Marketing at Nutanix . “ As information security and operational resiliency remain front and centre for financial services organisations , they must look to hybrid multi-cloud solutions with integrated manageability and security , and the ability to quickly move apps among cloud infrastructures cost-effectively .”
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 . Key findings from this year ’ s report include :
• Financial services organisations face multi-cloud challenges , including security ( 50 %), integrating data across clouds ( 46 %) and performance challenges with network overlays ( 43 %). Given that nearly 78 % cited the lack of some IT skills to meet current business demands , simplifying operations is likely to be a key focus in the year ahead . However , IT leaders are realising that there is no one-size-fitsall approach to the cloud , making hybrid multi-cloud ideal according to the majority of respondents ( 82 %). This model will help address some of the key challenges of multi-cloud deployments by providing a unified cloud environment on which security and data governance policies can be applied uniformly .
• Application mobility is top of mind . Nearly all financial services respondents ( 98 %) have moved one or more applications to a new IT environment over the last 12 months , likely from traditional data centres to private clouds given the industry ’ s relatively low multi-cloud and public cloud penetration . Faster app development ( 43 %) was most often cited as the reason for the move , followed closely by security ( 42 %) and
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