From the article “Why the Time Is Right for Asset Managers to Consider Cloud-Based Solutions” by Manish Moorjan, Director Business Consulting, Sapient Global Markets in CIO Review
With so many players in this space offering a variety of cloud-based solutions across the front, middle and back office, why are we still talking about cloud adoption? A TABB survey published in Q1 2015 showed 23 percent of respondents were comfortable using a public cloud and more than two-thirds cited concerns such as compliance, security and data control. This suggests that concerns around information security and integration challenges are still preventing today’s firms from fully embracing cloud-based solutions.
To address these issues, providers are exploring a hybrid cloud approach that connects data centers, public and private clouds in any combination. In a hybrid model, firms have the ability to use a public cloud for non-sensitive data or testing and rely on a private cloud for critical data and applications. While retaining their independence, the individual clouds are bound together to facilitate the portability of data and applications. Products, such as VNS3:net by Cohesive Networks, allow firms to build their own custom cloud network, enabling them to extend onto a public cloud infrastructure while remaining inside their own network. Even with new options like these, the current adoption and usage of cloud-based solutions suggests that there is still some way to go before the industry is prepared to fully unlock the full potential of the cloud.
Read the full article on CIO Review: Why the Time Is Right for Asset Managers to Consider Cloud-Based Solutions
By: Margaret Valtierra