Nutanix Study: The Financial Industry Begins with Multicloud Adoption

Nutanix presents the results of its fourth Enterprise Cloud Index study for the financial sector. The study, which shows the progress of companies in using cloud computing, showed that organizations in the financial sector are lagging behind in the adoption of multicloud. But while they lag nearly 10% behind the global average, adoption is expected to nearly double from 26% to 56% over the next three years, in line with the global trend of moving to an IT infrastructure. multicloud covering a mix of private and public clouds.

Of survey respondents from financial services, 31% still operate three-tier, non-cloud-ready data centers as their sole IT infrastructure. They also said they had the lowest deployment of any industry surveyed on public cloud usage, with 59% of respondents not using any public cloud service compared to 47% worldwide, likely due to heavy that investment. industry. The complexity of managing across cloud boundaries remains a major challenge for financial services organizations, with 84% of respondents agreeing that success requires easier multicloud management. infrastructure, and 50% cited security issues as a challenge for the multicloud model. To address key security, interoperability, and data integration challenges, 82% of respondents agree that a hybrid multicloud model is ideal — an IT operating model with multiple private and public clouds with interoperability. between them.

“While the financial services industry appears to be in the early stages of deployment, the step towards an interoperable multicloud IT infrastructure spanning a mix of private and public cloud is underway,” Anand said. Akela, vice-president President of Product and Solutions Marketing at Nutanix. “While information security and operational stability remain a priority for financial services organizations, they must turn to hybrid multicloud solutions with integrated management and security, and the ability to quickly move applications to between cloud infrastructures in a cost-effective manner. ”

Respondents to the Financial Services Survey were asked about their current cloud computing challenges, how they currently run their business and mission -critical applications, 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 might change as a result of this pandemic. The main findings of this year’s report are:

Financial services organizations face multicloud challenges, including security (50%), data integration in the cloud (46%), and performance issues with network overlays (43%). Since nearly 78% cited a lack of some specific IT skills to meet current business needs, simplification of operations is likely to be a priority for years to come. However, IT leaders are realizing that there is no one-size-fits-all approach to the cloud, which makes hybrid multicloud ideal according to the majority of respondents (82%).

Mobility of applications is at the heart of the concerns. Almost all respondents in the financial services industry (98%) have moved one or more applications to a new computing environment in the past 12 months. Probably from traditional data centers to private clouds, due to the relatively low penetration of multicloud and public clouds in this sector.

Acceleration of application development (43%) was the most commonly cited reason for this move, followed by strict security (42%) and integration of cloud-native services (40%). Additionally, because a large majority (83%) of respondents recognize that moving applications to a new environment can be time consuming and costly, container adoption is expected to grow as deployments increase. multiclouds to allow applications to run and move almost anywhere quickly and easily. Of those respondents to financial services, 86% said containers will be important to their organization next year. The top IT priorities for financial services over the next 12-18 months are improving security (54%), improving multicloud management (49%), and developing and/or implementing native cloud technologies ( 47%). When asked what their organizations have done differently because of the pandemic, 70% said they increased spending to strengthen their security posture, 64% spent more to increase automation of AI -enabled free services and 64% invested in infrastructure upgrades.


For the fourth consecutive year, Vanson Bourne conducted research on behalf of Nutanix, which surveyed 1,700 IT decision-makers worldwide in August and September 2021. This report fits the major global reports the Fourth Annual Enterprise Cloud Index and focuses on cloud deployment and planning trends in the financial services industry, based on responses from 250 IT professionals at banks and insurance companies around the world. It compares the cloud plans, priorities, and experience of these organizations to other industries and the basis for global responses.

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