Press release
Study Shows Financial Services Organizations are in Early Phases of Multicloud Adoption
Research Reveals Hybrid Multicloud is the Ideal IT model, but the Financial Services Industry is Slower to Adopt SAN JOSE, Calif.--(BUSINESS WIRE)-- Nutanix
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[{"type":"text","content":"\nResearch Reveals Hybrid Multicloud is the Ideal IT model, but the Financial Services Industry is Slower to Adopt\n\n SAN JOSE, Calif.--(BUSINESS WIRE)--\nNutanix (NASDAQ: NTNX), a leader in hybrid multicloud computing, announced the financial services findings of its global 2022 Enterprise Cloud Index (ECI) survey and research report, which measures enterprise progress with cloud adoption in the industry. The research showed that fewer financial services organizations have adopted multicloud than any other industry surveyed, trailing the global average by 10%. However, adoption is expected to nearly double from 26% to 56% in the next three years, in line with the global trend of evolving to a multicloud IT infrastructure that spans a mix of private and public clouds.\n\nAmong financial services ECI respondents, 31% are still operating non-cloud-enabled three-tier datacenters as their only IT infrastructure. They also reported having the lowest deployment of all industries surveyed in public cloud usage, with 59% using no public cloud services compared to 47% globally, likely due to substantial existing legacy investments in applications and the highly regulated nature of the industry. The complexity of managing across cloud borders remains a major challenge for financial services organizations, with 84% of respondents agreeing that success requires simpler management across multicloud infrastructures, and 50% citing security concerns as a challenge to the multicloud model. To address top challenges related to security, interoperability, and data integration, 82% agree that a hybrid multicloud model, an IT operating model with multiple clouds both private and public with interoperability between, is ideal.\n\n“While the financial services industry appears to be in the early phases of deployment, the evolution to an interoperable multicloud IT infrastructure that spans a mix of private and public clouds is underway,” said Anand Akela, VP of Product and Solutions Marketing at Nutanix. “As information security and operational resiliency remain front and center for financial services organizations, they must look to hybrid multicloud solutions with integrated manageability and security, and the ability to quickly move apps among cloud infrastructures cost-effectively.”\n\nFinancial services survey respondents were asked about their...