TRENDING
• Investment in hyperconverged infrastructure shows the industry ’ s confidence in private cloud : Nearly 50 % of financial sector respondents say they ’ ve either fully deployed HCI or are in the process of doing so , while 38 % report they will be deploying HCI within the next 12 to 24 months . This investment is directly aligned with increased private cloud adoption , as HCI reduces the time it takes to build the software-defined , scalable infrastructure necessary to support private cloud .
• Financial services organizations are looking to optimize their cloud usage : The sector ’ s top motivations for modernizing its IT infrastructure is to gain greater control of IT resource usage ( 59 %) and to gain the speed ( 58 %) and flexibility needed ( 55 %) to meet business requirements .
• The industry must invest in talent to support a hybrid cloud environment : More than a third of financial services respondents ( 36 %) said they were short on skills needed to manage mixed private / public cloud environments , while 34 % said they lacked expertise in cloud-native technologies and containers , including Kubernetes . These issues have contributed to organizational struggles to fully adopt hybrid cloud .
This rapid increase in private cloud adoption serves as the basis for a hybrid cloud model , which is expected to become the industry norm over the next few years .
“ Historically , financial services organizations have explored public cloud offerings when decommissioning legacy data centers ,” said Tapan Mehta , Director , Industries Solution Marketing at Nutanix .
“ However , as the industry continues to place greater interest in data privacy and compliance issues , organizations are turning to the private cloud .
“ This rapid increase in private cloud adoption serves as the basis for a hybrid cloud model , which is expected to become the industry norm over the next few years .”
The 2020 respondent base spanned multiple industries , business sizes and the following geographies : the Americas , Europe , the Middle East and Africa and the Asia-Pacific region . Further financial services findings include :
The majority ( 86 %) of financial services respondents identified hybrid cloud ( private and public ) as the ideal IT operating model for their organization
They ’ re evolving their infrastructures to get there , with reported plans to reduce reliance on traditional , noncloud-enabled data centers from 14 % to 4 % within one year .
The sector plans to increase its deployment of hybrid cloud to about 54 % penetration within five years , up from just under 15 % penetration this year .
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