Survey finds finance CIOs more and more comfortable in the cloud
25 May 2011 17:56:40
Increasing ROI and operational efficiency have prompted more and more tech decision-makers to adopt cloud computing as a major part of financial business IT, a survey from Bloomberg recently found.
Of the more than 100 financial CIOs and other IT heavyweights surveyed by the news agency, 41 percent reported that cloud computing was the IT infrastructure investment that had brought the biggest returns. In second and third place in that category were the finance-specific technologies low-latency trading and complex event processing.
Another major trend identified in the Bloomberg study was the increasing importance of compliance with federal regulation in the financial IT sector. A full 84 percent of the respondents said that they had spent more on compliance measures over the past two years than they had previously, while just 5 percent said they spent less.
The move toward the cloud in the finance industry - where security is paramount - may represent further evidence that concerns over data protection in the new framework have been slightly exaggerated in the media.
-McAfee Cloud Security
