Beverly Chandler, Opalesque London:
A recent survey from Eze Castle Integration, Inc., "Examining Cloud Usage in the Investment Management Industry", which was conducted in partnership with IDG Research, found that of the 101 senior-level executives who participated in the survey, 87% said they are using cloud services. The survey found that the drive to the cloud, according to participants, stems from a need for easier application access, greater control over IT budgets, reduced IT complexity and better disaster recovery capabilities.
Eze Castle’s 2013 survey found that the private cloud deployment model continues to be the top choice for investment firms, with 74% of respondents using a private cloud to meet all or part of their IT and application needs. The firm writes that while cloud security is often cited as a concern, an overwhelming number of respondents (93%) said that the private cloud is more secure than or just as secure as on-premise infrastructure.
Eze Castle writes: "Survey results showed satisfaction levels are high among cloud users with 90% of respondents saying their chosen cloud model meets or exceeds expectations in key areas. Top areas the cloud is meeting or exceeding expectations include reducing IT costs (93%), improving end-user IT experience (92%), simplifying IT management (91%) and allowing reallocation of resources to more valuable activities (89%)."
To view our full article Click here