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Cloud Drives Digital Transformation in Financial Services

Information Technology Cloud Drives Digital Transformation in Financial Services

Highlights from the 2020 Frost & Sullivan Global Cloud User Survey

RELEASE DATE
17-Mar-2021
REGION
Global
Deliverable Type
Customer Research
Research Code: K602-01-00-00-00
SKU: IT04295-GL-CR_25302
Yes
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IT04295-GL-CR_25302

Cloud Drives Digital Transformation in Financial Services
Published on: 17-Mar-2021 | SKU: IT04295-GL-CR_25302

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Description

For financial institutions, the first months of 2020 were a test of operational agility. In response to COVID-19's chaos, including branch shutdowns, concerns about employee health and safety, and shifting government mandates, the financial firms best able to pivot were those that were already well into their cloud journeys. Such firms leveraged a cloud foundation to support remote workers, protect data assets, serve customer and partners, and change, update, and manage critical business software on the fly. The 2020 Frost & Sullivan Global Cloud User Survey emphasizes the divide between digitally mature financial organizations and those that have been slower to embrace transformative technologies. It also reveals the challenges that still remain in 2021.

Author: Lynda Stadtmueller

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For financial institutions, the first months of 2020 were a test of operational agility. In response to COVID-19's chaos, including branch shutdowns, concerns about employee health and safety, and shifting government mandates, the financial firms best able to pivot were those that were already well into their cloud journeys. Such firms leveraged a cloud foundation to support remote workers, protect data assets, serve customer and partners, and change, update, and manage critical business software on the fly. The 2020 Frost & Sullivan Global Cloud User Survey emphasizes the divide between digitally mature financial organizations and those that have been slower to embrace transformative technologies. It also reveals the challenges that still remain in 2021. Author: Lynda Stadtmueller
More Information
Deliverable Type Customer Research
No Index No
Podcast No
Author Lynda Stadtmueller
Industries Information Technology
WIP Number K602-01-00-00-00
Is Prebook No
GPS Codes 9705-C1,9658