A recent report by Nutanix predicts a threefold increase in hybrid multicloud adoption within the financial services industry over the next three years. The report, titled Financial Services ECI, focuses on the progress of cloud adoption in the financial services and insurance sector and highlights key priorities for IT decision makers.
According to the report, factors such as data security, ransomware protection, AI implementation, and cost reduction are driving infrastructure priorities for IT leaders in the financial services industry. An overwhelming 99% of financial services respondents reported experiencing a ransomware attack in the past three years, indicating a critical need for improved cybersecurity measures. Additionally, 89% of respondents acknowledged the need to enhance their organizations’ ability to protect against such attacks.
AI is identified as a significant driver for IT infrastructure priorities, as financial services companies increasingly rely on AI solutions to enhance decision-making processes and improve customer experiences. This trend reflects a strategic shift towards deploying diverse cloud environments tailored to specific operational, cost, compliance, and control requirements.
The attractiveness of hybrid multicloud architecture lies in its ability to provide various cost, billing, and deployment options, enabling digital enterprises to improve application performance, enhance security, accelerate time-to-market, and optimize IT spending. Lee Caswell, SVP of Product & Solutions Marketing at Nutanix, emphasized the importance of hybrid multicloud adoption in mitigating cybersecurity risks, particularly in light of new regulatory requirements such as the EU’s Digital Operational Resilience Act (DORA) set to take effect in 2025.
The research, conducted by Vanson Bourne on behalf of Nutanix, surveyed 1,500 IT and DevOps/Platform Engineering decision-makers across different industries, business sizes, and regions. The survey included participants from North and South America, Europe, the Middle East, Africa, and the Asia-Pacific-Japan region.
Overall, the report underscores the growing importance of hybrid multicloud adoption within the financial services industry as a strategic response to escalating cybersecurity threats and evolving regulatory landscapes. IT decision makers are urged to prioritize data protection, disaster recovery, and AI integration to meet the industry’s changing demands and optimize operational efficiency.
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https://techtrendske.co.ke/2024/06/27/south-africa-hybrid-multicloud-adoption-for-financial-services-to-triple-nutanix-study/