Financial services industry embracing hybrid cloud: Nutanix

Leading name in enterprise cloud computing segment Nutanix has revealed that the financial services Industry (FSI) is overpowering other industries in the adoption of hybrid cloud, with the deployment of hybrid cloud reaching 21 percent penetration today, compared with the global average of 18.5 percent.

The findings were declared in Nutanix’s Enterprise Cloud Index Report for the financial services sector, dedicated to measuring financial firms’ plans for adopting private, public and hybrid clouds.

Lately, the financial services firms are witnessing severe competitive pressure to streamline operations while offering a differentiated experience to their customers, including leveraging new technologies such as blockchain.

This FinTech revolution, in alignment with the growing pressure of regulatory compliance, data privacy, and security issues are compelling the Chief Information Officers to fundamentally transform the technological underpinnings of their institutions. The report suggests exactly how the financial services industry is accommodating the potential of cloud computing to address these needs.

Like other industries, the financial services sector too have indicated security and compliance as the leading factor in deciding where to run its workloads. Nearly all respondents, who participated in the Nutanix survey, also indicated that performance, management, and TCO are critical factors in the decision.

However, over 25 percent cited these same of the factors that occur as challenges with adopting public cloud.

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