Press release
Nutanix Study Projects Hybrid Multicloud Adoption for Financial Services Will Triple, as Organizations Prioritize Data Security & AI
Projected growth driven by large number of ransomware attacks and acceleration of the use of AI across the financial services sector SAN JOSE,
About this update from Nutanix, Inc.
[{"type":"text","content":"\nProjected growth driven by large number of ransomware attacks and acceleration of the use of AI across the financial services sector\n\n\n SAN JOSE, Calif.--(BUSINESS WIRE)--\nNutanix (NASDAQ: NTNX), a leader in hybrid multicloud computing, announced the findings of its sixth annual global Financial Services Enterprise Cloud Index (ECI) survey and research report, which measures enterprise progress with cloud adoption in the financial services and insurance industry. While current adoption of hybrid multicloud deployments remains consistent year-over-year in the financial services sector, respondents expect a significant 3x increase in adoption in the next three years, making it the leading IT model in the sector.\n\n\nThe Financial Services ECI report revealed that data security and ransomware protection, implementing AI strategies, and minimizing cost are driving IT decision makers infrastructure priorities. 99% of ECI financial services respondents shared that they had experienced a ransomware attack at some point in the past three years. 89% agreed that their organizations had room for improvement when it came to their ability to protect against such attacks. AI was noted as a key driver of IT infrastructure priorities as well, as IT leaders are increasingly tasked to leverage AI solutions to improve decision-making and enhance customer experiences.\n\n\nThis evolution reflects the strategic deployment by financial services industries of diverse cloud environments tailored for specific operational, cost, compliance, and control requirements. Hybrid multicloud architecture’s appeal lies in its ability to offer diverse cost, billing, and deployment options, empowering digital enterprises with the flexibility to enhance application performance, bolster security, accelerate time to market, and optimize IT expenditures.\n\n\n“It is startling to see that nearly all the financial services respondents in this year’s ECI Survey have experienced a ransomware attack,” said Lee Caswell, SVP Product & Solutions Marketing at Nutanix. “It’s a sign of the times that hybrid multicloud adoption is set to triple as financial services users gear up for heightened cybersecurity risks as new regulatory requirements, such as the EU’s 2025 Digital Operational Resilience Act (DORA), go into effect - making data protection and disaster recovery a h...