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Laxman Pai, Opalesque Asia: Looking ahead to the next two years, 89 percent of hedge fund firms that currently in-source IT management said they are likely to allocate more spending to IT outsourcing and AI-driven services, said a survey.
The driver behind this shift is a need for heightened security (54%), increased access to public cloud management and support expertise (46%), and more responsive end-user support (44%), according to the inaugural 2022 Hedge Fund Managed IT Trends Report by Agio, a cybersecurity and managed IT provider for financial services firm.
The survey, conducted earlier this year, captures the opinions and perceptions of recent, current, and future technology management and information security programs, initiatives, and readiness from 100 hedge fund practitioners across the technology, operations, cybersecurity, and compliance fields.
Survey respondents revealed that coming out of the pandemic, firms are reevaluating their options concerning in-sourcing versus outsourcing IT management.
Of those firms already outsourcing IT management, 91 percent said they are likely to switch providers. Among the largest hedge funds that currently outsource (funds with +$5 billion AUM), nearly two-thirds (64%) reported they were likely to change service providers in the next 24 months because their current vendor is unable to support a public cloud environment.
In discussing how the managed service provider (MSP) model will change in the coming yea...................... To view our full article Click here
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