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Friday, 24 July 2015 10:10

Public cloud in financial services? You Canute be serious

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Nearly half of the financial services businesses admitted to bypassing the IT department when purchasing public cloud


The cloud like the sea cannot be stopped and a new study, launched jointly from EMC, VCE and VMware proves that the cloud is an unstoppable force and just like King Canute ordering the sea to stop, shouting at line of businesses users to stop using the cloud isn’t going to have any effect.

The survey found that even in the most heavily regulated industry in the UK, financial services, 92% of line of business workers admitted to using some form of public cloud. Of the 600 line of businesses (LOB) surveyed across the UK, some 44% of those in financial services admitted to bypassing the IT department when purchasing public cloud services.  

The research also reveals the high level of public cloud adoption by LOBs in the Financial Services sector; the overwhelming majority (92%) of UK Financial Services LOBs say they use some form of public cloud, whether validated by IT or not, with factors driving adoption ranging from affordability (41% cited it was a cheaper solution), ease of use (34%) and wanting to meet client needs (30%).

“The research highlights why the scale of public cloud adoption, without consultation with the IT department, should cause concern for the industry,” comments Nigel Moulton, Chief Technology Officer, EMEA at VCE. “As employees look to deploy cloud services that circumnavigate the IT department, IT organisations need to have a strategy that gives easier access to cloud services in a controlled, compliant manner.”

In order to meet these customer needs in an increasingly competitive and disruptive market, the study highlights the pressure IT is under to deliver value to the business, at pace. IT departments need to embrace a hybrid cloud strategy that can provide portability of workloads in a flexible, agile fashion.

“With an enterprise hybrid cloud strategy in place, line of businesses can focus on their business interests, while gaining immediate and easy to access, secure resources and the benefits hybrid clouds provide,” explains Rob Lamb, Cloud Business Director, UK and Ireland, EMC. “As a result, IT and businesses can embrace the public cloud with confidence, in a secure and manageable way.”


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