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Nutanix Study Shows Financial Services Organizations Are In The Early Stages Of Multicloud Adoption –

Nutanix today released the results of its financial services 2022 global Enterprise Cloud Index (ECI) survey and research report, which measures enterprise progress with cloud adoption in the industry. Research has shown that fewer financial services organizations have adopted multi-cloud than any other industry surveyed, continuing at 10% on the global average. However, adoption is projected to almost double from 26% to 56% over the next three years, in line with the emerging global trend towards a multi – cloud IT infrastructure comprising a mix of private and public clouds.

Among ECI respondents in financial services, 31% still operate three-tier non-enabled data centers as their only IT infrastructure. They also reported the lowest deployment of all the industries surveyed in the use of public cloud computing, with 59% using public cloud services compared to 47% worldwide, probably due to significant existing legacy investments in applications and the highly regulated nature of the industry. The complexity of cross-border management remains a major challenge for financial services organizations, with 84% of respondents agreeing that success requires simpler management across multi-cloud infrastructures, with 50% citing security concerns as a challenge to the model ilscamall. To address the key challenges of security, interoperability, and data integration, 82% agree that a multicloud hybrid model, an IT operating model with multiple private and public clouds with interoperability between, is ideal.

“While the financial services industry appears to be in the early stages of deployment, the evolution to an interoperable multi-cloud IT infrastructure encompassing a mix of private and public clouds is underway,” said Anand Akela, Vice President of Product Marketing and Solved by Nutanix. “As information security and operational resilience remain at the forefront and core of financial services organizations, they need to look at multi-cloud hybrid solutions with integrated manageability and security, and the ability to move apps quickly among cloud-based infrastructures. in a cost effective way. ”

Respondents to the financial services survey were asked about their current stunning challenge, how they are running business applications that are mission critical 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 as a result. Key findings from this year’s report include:

  • Financial services organizations face multiple cloud challenges, including security (50%), data integration over clouds (46%), and performance challenges with network overlay (43%). With almost 78% citing a lack of IT skills to meet current business demands, simplification of operations is likely to be a key focus in the coming year. However, IT leaders are noticing that there is no one-size-fits-all approach to cloud, making a hybrid multi-cloud ideal for the majority of respondents (82%). This model will help address some of the key challenges of multi-cloud deployment by providing a unified cloud environment on which data security and governance policies can be applied uniformly.
  • Application mobility is top of mind. Nearly all financial services respondents (98%) have migrated one or more applications to a new IT environment in the last 12 months, presumably from traditional data centers to private clouds in the face of low multi-cloud and industry public cloud penetration. Faster app development (43%) was often cited as the reason for the move, followed closely by security (42%), and integration with cloud native services (40%). In addition, with a large majority (83%) agreeing that migrating applications to a new environment can be time consuming and costly, container acceptance is expected to increase in line with multi-cloud deployment to enable apps run and move almost anywhere fast. and easily. Among financial services respondents, 86% said containers will be important to their organizations within the next year.
  • Financial services’ top IT priorities for the next 12 to 18 months These include improving security posture (54%), improving multi-cloud management (49%), and developing and / or implementing cloud technologies (47%). When asked what their organizations did differently about the pandemic, 70% said spending had increased to strengthen their security posture, 64% spent more on increasing AI-based self-service automation, and 64% invested in infrastructure upgrades.

For the fourth year in a row, Vanson Bourne conducted research on behalf of Nutanix, surveying 1,700 IT decision-makers worldwide in August and September 2021. This report is a supplement to the global community. Fourth Annual Stunning Entrepreneurship Index master report and focuses on stunning deployment and planning trends in the financial services industry, based on the responses of 250 IT professionals in banks and insurance companies around the globe. It compares the cloud plans, priorities and experiences of these organizations with other industries and the global response base as a whole.

To learn more about the report and results, please download the full Nutanix Enterprise Stunning Index here.

Nutanix Study Shows Financial Services Organizations Are In The Early Stages Of Multicloud Adoption –

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