ADVERTISEMENT
TechEconomy
Wednesday, June 4, 2025
No Result
View All Result
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS
No Result
View All Result
Tech | Business | Economy
No Result
View All Result
Podcast

Home » Financial Industry Ranks Second in Most Hybrid Multicloud Deployments

Financial Industry Ranks Second in Most Hybrid Multicloud Deployments

Techeconomy by Techeconomy
July 25, 2023
in DisruptiveTECH
0
Nutanix, Inc. Hybrid Multicloud Expert Community
Nutanix, Inc. - August 26, 2019, San, Jose,/,Ca,/ USA

Nutanix, Inc. - August 26, 2019, San, Jose,/,Ca,/ USA

RelatedPosts

Zuckerberg Overtakes Bezos as Meta Shares Surge on New AI Advertising Plans

Zuckerberg Overtakes Bezos as Meta Shares Surge on New AI Advertising Plans

June 3, 2025

Elon Musk’s Neuralink Raises $650 Million as Brain Implant Trials Expand Globally

June 3, 2025

…Research highlights the cloud plans, priorities, challenges, and experiences of IT professionals in the financial services industry around the world

Nutanix, Inc. (NASDAQ: NTNX), a leader in hybrid multicloud computing, has announced the financial services industry findings of its fifth annual Enterprise Cloud Index (ECI) survey, which measures enterprise progress with cloud adoption.

The research reveals that mixed deployments among financial companies are at 64%, which is slightly ahead of the global average, and data security considerations drive many of the financial sector’s infrastructure investment and application mobility decisions.

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.

Ian Haynes, EMEA Field CTO, Nutanix.
Advertisements
MTN ADS
Ian Haynes, EMEA Field CTO, Nutanix

“Increased infrastructure diversity and a heightened emphasis on data storage, management, security, and cloud-native services are driving all IT professionals to seek hybrid operations that transcend private and public infrastructure. As evidenced by recent regulatory measures such as the Digital Operational Resilience Act (DORA), operational resilience and concentration risk are additional driving factors to hybrid model adoption,”

said Ian Haynes, EMEA Field CTO, Nutanix.

“For cloud deployment models, the financial services industry has emerged as a frontrunner, surpassing many other sectors in embracing the hybrid multicloud approach.”

Key findings from this year’s report include:

  • Hybrid multicloud adoption has accelerated and is expected to rise in financial services. The financial services industry has made significant progress in adopting cloud technology over the past year, with 64% of those surveyed using multiple IT environments – whether a mix of private and public clouds, multiple public clouds, or on-premises and hosted private infrastructure.
  • Cybersecurity is the biggest IT infrastructure driver. The financial sector and global respondents prioritised cybersecurity above all else. This is not surprising, given the increasing sophistication of cyberattacks and the critical role that IT plays in financial services organisations.
  • 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. Without visibility, IT teams are unable to manage, secure, synchronise, or analyse what they cannot see.
  • The overriding driver of application movement among ECI financial services firms in the past year was to improve data access speeds. All respondents in the financial sector (100%) indicated that they had moved applications between IT infrastructures in the past 12 months. Nearly half (49%) cited a desire to accelerate data access as a reason for the move. This driver was followed by aspirations to improve their companies’ security posture or better meet regulatory requirements and to gain the ability to integrate with cloud-native services, such as AI and machine learning.
  • Cost factors remain a wild card. ECI respondents tend to be fickle in their attitudes toward IT cost, which seems to be inching downward on IT priority lists – falling to last on global respondents’ infrastructure criteria lists and tying for fourth in importance among financial companies. At the same time, most respondents rank controlling costs high on their list of challenges. For example, 87% of financial services respondents described cloud cost control as a challenge with managing their current IT infrastructures, and about a third said it was a significant one.

For the fifth consecutive year, Vanson Bourne conducted research on behalf of Nutanix, surveying 1,450 IT decision-makers around the world in December 2022 and January 2023.

This report is supplemental to the global 5th Annual Enterprise Cloud Index master report and focuses specifically on cloud deployments within the financial services industry.

It sheds light on the cloud plans, priorities, challenges, and experiences of IT professionals operating in this sector, offering valuable insights for comparison with global responses and other industries.

Gain a deeper understanding of the cloud deployment journey of financial services organisations and uncover key trends and benchmarks in this ever-evolving landscape.

Loading

Author

  • Techeconomy
    Techeconomy

    View all posts
0Shares
Tags: Hybrid MulticloudIan HaynesNutanix
Previous Post

FBN Plans to Raise Fresh Capital, Appoint New Director

Next Post

How the IMF RST and Innovative Climate Finance Can Serve Africa

Techeconomy

Techeconomy

Related Posts

Zuckerberg Overtakes Bezos as Meta Shares Surge on New AI Advertising Plans
DisruptiveTECH

Zuckerberg Overtakes Bezos as Meta Shares Surge on New AI Advertising Plans

by Joan Aimuengheuwa
June 3, 2025
0

Zuckerberg’s new total, according to Forbes, is $231.6 billion

Read more
Elon Musk’s Neuralink Raises $650 Million as Brain Implant Trials Expand Globally

Elon Musk’s Neuralink Raises $650 Million as Brain Implant Trials Expand Globally

June 3, 2025
Citrix

Uncover Hidden Risks: The Strategic Advantage of Independent Citrix Audits

June 3, 2025
Meta to Hand Over Full Ad Creation to AI by 2026 — Here’s What That Really Means

Meta to Hand Over Full Ad Creation to AI by 2026 — Here’s What That Really Means

June 2, 2025
Microsoft to Invest $400 Million in Swiss Data Centre Expansion for AI, Cloud Growth

Microsoft to Invest $400 Million in Swiss Data Centre Expansion for AI, Cloud Growth

June 2, 2025
FG Launches New HND Courses in AI, Cybersecurity, and Software Engineering

FG Launches New HND Courses in AI, Cybersecurity, and Software Engineering

May 29, 2025
Next Post
climate financing in Africa - Photo by LinkedIn

How the IMF RST and Innovative Climate Finance Can Serve Africa

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Techeconomy Podcast

Techeconomy Podcast
Techeconomy Podcast

Infowave is brought to you by TechEconomy. Every week we will bring new stories from startups and influencers who are shaping and changing the world we live in. We’ll also bring you reports on topics you should know.

Follow us @techeconomyng for more.

TECH TALK EPISODE 2
byTecheconomy

PRODUCTIVITY AND WORK-Life Balance

TECH TALK EPISODE 2
TECH TALK EPISODE 2
May 22, 2025
Techeconomy
CYBERSECURITY ESSENTIALS
April 24, 2025
Techeconomy
Digital Marketing Trends and strategies for 2025 and beyond
February 27, 2025
Techeconomy
Major Lesson for Techies in 2024 and Projections for 2025
December 6, 2024
Techeconomy
Major Lessons for Techies in an AI-Driven World | Techeconomy Business Series Highlights
November 26, 2024
Techeconomy
Maximizing Profitability Through Seasonal Sales: Strategies For Success
November 8, 2024
Techeconomy
Techeconomy Business Series
October 15, 2024
Techeconomy
PRIVACY IN THE ERA OF AI: GETTING YOUR BUSINESS READY
May 30, 2024
Techeconomy
Unravel the Secrets of Marketing Everywhere All At Once with Isaac Akanni from Infobip | Infowave Podcast Episode 1
February 9, 2024
Techeconomy
The Role of Ed-tech in Life Long Learning and Continuous Education
October 19, 2023
Techeconomy
Search Results placeholder

WHAT IS TRENDING

https://www.youtube.com/watch?v=g_MCUwS2woc&list=PL6bbK-xx1KbIgX-IzYdqISXq1pUsuA4dz

Follow Us

  • About Us
  • Contact Us
  • Careers
  • Privacy Policy

© 2025 Techeconomy - Designed by Opimedia.

No Result
View All Result
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS

© 2025 Techeconomy - Designed by Opimedia.

Translate »
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.