The financial industry is a major market for cloud deployments, according to Nutanix’s fifth annual Enterprise Cloud Index survey, which measures enterprise progress with cloud adoption.
This remarkable adoption rate in financial services reflects the highly competitive industry’s commitment to significantly enhance the customer experience, leveraging hybrid multicloud deployments to fuel digitalisation, advanced data capabilities, and modernise applications. “As evidenced by recent regulatory measures such as the Digital Operational Resilience Act , operational resilience and concentration risk are additional driving factors to hybrid model adoption. For cloud deployment models, the financial services industry has emerged as a frontrunner, surpassing many other sectors in embracing the hybrid multicloud approach.”* Hybrid multicloud adoption has accelerated and is expected to rise in financial services.
* Mixed environments create new challenges and demand for a single place to manage all workloads and data. Most ECI respondents agree that having a single platform to manage their diverse private and public infrastructures would be ideal. Among those from financial firms, 96% agreed. However, only 42% reported actually having that visibility. The visibility findings indicate a gap in capabilities, highlighting the need for integrated tools to improve hybrid IT operations.
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