Nutanix, a leader in hybrid multicloud computing, released its sixth annual Financial Services Enterprise Cloud Index (ECI) survey, showing a steady rise in hybrid multicloud deployment adoption within the financial services industry. Respondents expect a threefold increase in adoption over the next three years, making it the preferred IT model in the sector. Key priorities for IT decision makers include data security, ransomware protection, AI implementation, and cost minimization.
The rise in hybrid multicloud architecture reflects the financial sector’s strategic approach to utilizing diverse cloud environments that cater to specific operational, cost, compliance, and control needs. The appeal of this model lies in its ability to offer diverse cost, billing, and deployment options, enabling organizations to enhance performance, security, time to market, and optimize expenditures.
Financial services respondents highlighted challenges related to cybersecurity, AI investment, and cost management. Cybersecurity incidents often lead to operational downtime, underscoring the need for robust protection measures. Infrastructure priorities for financial CIOs are evolving, with a significant focus on cloud, data, AI, and ransomware protection. Despite emphasizing sustainability, institutions show less inclination to increase investments in this area.
Key factors influencing IT infrastructure purchasing decisions include sustainability, flexibility, security, and data capabilities. Flexibility to manage workloads across different infrastructures and cost considerations are essential considerations for financial enterprises. The need for improved data access performance, security, and regulatory compliance drives application relocation across infrastructure.
Challenges in financial IT departments revolve around cybersecurity and compliance issues. Ransomware prevention, data security, and regulatory compliance adherence are top concerns for financial services respondents. The global Financial Services Nutanix Enterprise Cloud Index, conducted by Vanson Bourne, surveyed IT decision-makers worldwide to gather insights from various industries, business sizes, and geographies.
Nutanix offers a cloud software platform that simplifies operations and enables businesses to run apps and data across clouds efficiently. Known for its hyperconverged infrastructure, Nutanix assists companies in managing hybrid multicloud environments effectively. To access the full report and findings, visit the Nutanix website.
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