He financial sector has been one of the slowest to implement cloud services due to issues such as regulatory compliance management and associated risks. However, leading global financial firms are accelerating their adoption with a view to strengthening cybersecurity (up 50.5%), fraud detection (up 38.6%) and claims management (up 33.8%). %).
Financial organizations are forced to address the threats and mitigate the impact of financial crime, so investing in this aspect will achieve detect fraud in real time and improve customer experience.
In this line, Nutanix has released the conclusions of its fifth annual study Enterprise Cloud Index (ECI)which analyzes the degree of cloud adoption of companies. It is extracted that financial entities, for reasons of data security, have decided to accelerate their mixed multicloud deploymentsbeing present in 64%, above the world average.
Thanks to this deep multiloud adaptation process, the financial sector is managing to boost its data analysis capabilities, train IT professionals and modernize its applications, transcending the barriers of public and private infrastructure.
It is curious but almost a quarter of the companies surveyed depend on an on-premises center (24%), 23% on a combination of on-premises and hosted data centers and 21% on a hybrid cloud. The objective is that in less than a year the hybrid multicloud figures will go from 12% to 38%.
Main conclusions of the report
There are regulatory measures, such as Digital Operational Resilience Act (DORA) that are motivating these changes in favor of hybrid multicloud adoption, allowing the presence in the financial sector to reach surpass the 64% barrier.
The cybersecurity has become the biggest driver of IT infrastructures, something that is driven by the considerable increase in cyberattacks. Furthermore, the Mixed environments create new challenges and require a single location to manage all the data. In this way, public and private infrastructure would be brought together in a single point, although at the moment only 42% of those surveyed see this as a necessity.
A key objective should be improve data access speed. All respondents said they had moved applications between IT infrastructures in the past year, with nearly half citing a desire to speed up data access as their primary reason. This is followed by strengthening security and meeting regulatory requirements. Gaining the ability to integrate with cloud-native services such as AI and machine learning is also essential.
According to the ECI, 97% of those surveyed have started use open source Kubernetes orchestrationtaking into account the design and configuration of the underlying infrastructure, storage, and database services.
IT cost remains a priority. And it is falling among CIOs’ priorities. In fact, 87% described cloud cost control as a challenge in managing today’s IT infrastructure.
Another important conclusion reached is the value of sustainability, as an IT priority. And corporate environmental, social and governance initiatives have a weight of 63%, compared to supply chain interruptions or high hardware acquisition cycles, which represent 48%.
Likewise, it is important to take into account the cloud cost control as one of the main challenges of IT management. Nearly half of respondents (46%) believe it is necessary to repatriate applications to on-premises data centers to mitigate cloud costs over the next year.
Unconditional help for the sector
The report is a supplement to the 5th Annual Enterprise Cloud Index, which in its fifth edition has managed to survey some 1,450 IT decision makers from around the world. The need to exercise is concluded hybrid cloud deployments for the financial sectorand even more so in a constantly evolving context.
94% of respondents agree establish a complete view of where the data resides to provide greater security and recovery capacity, as well as full sovereignty over them.