In capital markets, the lesson of IT offshoring has been taken on board and the trend has now been reversed.
This is an extract from a paper looking at cloud technology in the capital markets, available here.
Unlike the original, singular approach to IT offshoring, with public cloud adoption other options are being explored that will allow firms to get the best out of cloud technology.
Last year, a research paper from Gartner highlighted instances where it made sense to adopt private cloud over public. These included where:
According to the RightScale 2017 State of The Cloud Report, adoption of cloud solutions remains robust:
The same report indicates that enterprises run 75 percent of workloads in cloud with more in private cloud (43 percent) vs. public cloud (32 percent):
From CJC’s perspective, these are positive signs, though to fully reap the benefits of the cloud there are still challenges to overcome.
The report suggests those challenges embrace: