A recent survey conducted by Nutanix has revealed that the adoption of hybrid multi-cloud technology is expected to triple in the financial services industry. The survey, which was conducted in the Edge Middle East region, found that financial institutions are increasingly turning to hybrid multi-cloud solutions to meet their growing needs for flexibility, scalability, and security in the digital age.
The survey highlighted several key findings that indicate a significant shift towards hybrid multi-cloud adoption in the financial services sector. One of the most notable findings was that 78% of respondents said they plan to increase their investment in hybrid cloud technologies over the next two years. This represents a considerable increase from the current adoption rate of 26% in the region.
Additionally, the survey found that security and compliance were top concerns for financial institutions when it comes to adopting hybrid multi-cloud solutions. 89% of respondents said they were worried about the security implications of moving to a hybrid cloud environment, while 77% cited compliance as a major challenge. These findings suggest that financial institutions are aware of the potential risks associated with hybrid multi-cloud adoption and are taking steps to mitigate them.
Despite these concerns, the survey also found that financial institutions in the Edge Middle East region are optimistic about the benefits of hybrid multi-cloud technology. 85% of respondents said they believe that adopting hybrid cloud solutions will enable them to better meet their business needs, while 71% said they expect to see cost savings as a result of their investment in hybrid multi-cloud technology.
Overall, the survey paints a picture of a rapidly evolving landscape in the financial services industry, with a growing number of institutions turning to hybrid multi-cloud solutions to stay competitive in the digital age. As the adoption of hybrid cloud technology continues to increase, financial institutions will need to address potential security and compliance challenges while also reaping the benefits of greater flexibility, scalability, and cost savings.
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https://www.edgemiddleeast.com/infrastructure/nutanix-survey-predicts-tripling-of-hybrid-multi-cloud-adoption-in-financial-services