Due to the growing popularity of cloud benefits to businesses, Wall Street firms’ adoption of third party cloud-based services is expected to grow this year.
Wall Street Technology included in its article in NY Convergence, views of key people from some financial sector-focused cloud providers namely:
- Joe Stensland, SVP and Managing Director of Scivantage
- Bob Guilbert, Managing Director of Eze Castle Integration
- Bryan Thompson, VP of Services of Tier 3
It leads to the conclusion that the private cloud is quite the appealing technology that allows Wall Street firms to lower their cost in infrastructure and maintenance and no longer requires technology refresh. Most importantly, perhaps, is the cloud’s “burst-ready” capability that goes well with the industry’s increasing market volatility.
The private cloud is indeed the direction that these firms are steering towards, but is there any case for public cloud adoption when it comes to Wall Street? Read the full article and find out at NY Convergence.