{"id":12550,"date":"2015-02-23T00:52:51","date_gmt":"2015-02-23T00:52:51","guid":{"rendered":"http:\/\/www.cloudcomputing-news.net\/news\/2015\/feb\/23\/cloud-making-inroads-capital-markets-sector-report-finds\/"},"modified":"2015-02-23T00:52:51","modified_gmt":"2015-02-23T00:52:51","slug":"cloud-making-inroads-into-the-capital-markets-sector-report-finds","status":"publish","type":"post","link":"https:\/\/icloud.pe\/blog\/cloud-making-inroads-into-the-capital-markets-sector-report-finds\/","title":{"rendered":"Cloud making inroads into the capital markets sector, report finds"},"content":{"rendered":"

(c)iStock.com\/tumikuja<\/em><\/p>\n

Slowly but surely, capital markets and investment companies are clearly understanding the benefits of cloud computing, with infrastructure as a service (IaaS) and data management as the most popular options.<\/p>\n

That’s the verdict of a report from TABB Group, based on data from 66 buy-side and sell-side firms. The adoption figures are relatively low – only 23% of companies questioned say they’re comfortable using the public cloud, while two thirds said security concerns such as compliance, security and data control  worried them – yet six in 10 firms polled said they plan to increase spending on public cloud over the next 12 months.<\/p>\n

Data management (23%) was most frequently cited by respondents as a key use case, followed by analytics (14%), algorithm development (14%) and regulatory reporting (8%).<\/p>\n

Shagun Bali, TABB research analyst and author of the report ‘Public Cloud for Capital Markets: Trends and Uptake’, argues the report’s findings are a step in the right direction, if not a total paradigm shift.<\/p>\n

“Although the market at large is still not ready to leverage the public cloud for mission-critical operations and proprietary data it considers competitive differentiators, institutions have opened up to the greater possibility of utilising the cloud to maintain commoditised operations in a cost-effective and timely manner,” she said.<\/p>\n

The investment market is an interesting one – it can be put in a similar category to the legal profession, healthcare and financial institutions. All data sets are equal, but some are more equal than others; and it’s these professions which need to be a little more risk averse regarding where their data sits.<\/p>\n

A January study from investment firm Piper Jaffray<\/a> found general dissatisfaction among CIOs with their public cloud solutions, with Google taking the brunt of the criticism. 35% of those polled said security fears of public cloud was the primary reason for keeping data on-premise.<\/p>\n

The full report, which will set you back $3,000, can be found here.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

(c)iStock.com\/tumikuja
\nSlowly but surely, capital markets and investment companies are clearly understanding the benefits of cloud computing, with infrastructure as a service (IaaS) and data management as the most popular options.
\nThat’s the verd…<\/p>\n","protected":false},"author":50,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-12550","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts\/12550","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/users\/50"}],"replies":[{"embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/comments?post=12550"}],"version-history":[{"count":0,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts\/12550\/revisions"}],"wp:attachment":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/media?parent=12550"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/categories?post=12550"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/tags?post=12550"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}