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Agenda. Survey background Report highlights Conclusion. Agenda. Survey background Report highlights Conclusion. Aite Group interviewed 21 mostly broker-dealers globally…. Source: Aite Group survey of 21 capital markets participants, March and April 2014.
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Agenda • Survey background • Report highlights • Conclusion
Agenda • Survey background • Report highlights • Conclusion
Aite Group interviewed 21 mostly broker-dealers globally… Source: Aite Group survey of 21 capital markets participants, March and April 2014
Survey firms represented global operations Source: Aite Group survey of 21 capital markets participants, March and April 2014
Surveyed firms were also active users of multiple asset classes… Source: Aite Group survey of 21 capital markets participants, March and April 2014
Agenda • Survey background • Report highlights • Conclusion
Industry focus on regulations, cost, and clients… Source: Aite Group survey of 21 capital markets participants, March and April 2014
Even split between cloud adopters and doubters Source: Aite Group survey of 21 capital markets participants, March and April 2014
Of the cloud adopters, preference for private or hybrid approach Source: Aite Group survey of 21 capital markets participants, March and April 2014
Concerns over security still a major obstacle for most firms considering cloud Source: Aite Group survey of 21 capital markets participants, March and April 2014
For those cloud doubters, good chance they will embrace cloud services over the next 24 months Source: Aite Group survey of 21 capital markets participants, March and April 2014
Scalability and TCO reduction key to cloud adoption Source: Aite Group survey of 21 capital markets participants, March and April 2014
Cost reduction key driver for cloud-based data initiatives Source: Aite Group survey of 21 capital markets participants, March and April 2014
Cloud adoption moving from data storage and management to more compute-intensive areas… Source: Aite Group survey of 21 capital markets participants, March and April 2014
How to leverage the cloud for data management Source: Aite Group survey of 21 capital markets participants, March and April 2014
Data management and trade analytics, continued focus of the future Source: Aite Group survey of 21 capital markets participants, March and April 2014
The appeal of cloud for data managers • A rapid way to reduce costs via the removal of duplicative processes at an enterprise level and the elimination of the requirement to support internally deployed software and hardware • Predictability in ongoing costs • Scalability in dealing with a higher volume of data in a timely fashion without requiring internal investment • Ability to have a centralized point for the metering and permissioning of data vendor feeds across an enterprise—a way to rationalize data feeds and improve vendor management via increased transparency of consumption at an enterprise level
Agenda • Survey background • Report highlights • Conclusion
Conclusion • Regulatory compliance, cost control, and client management are the top three drivers for strategic IT investment • Focus on cost savings, scalability and facilitating high performance computing key drivers for cloud adoption in capital markets • Market participants are looking to leverage cloud-based services for data management and increasingly in risk management and trade analytics. • Data as a Service (DaaS) is the growing concept that data is provided on-demand to the end user and the service provider is responsible for all data cleansing and management functions.
Aite Group: Partner, Advisor, Catalyst Aite (pronounced “eye-tay”) Group is an independent research and advisory firm focused on business, technology, and regulatory issues and their impact on the financial services industry. Virginie O’SheaSang Lee +1.617.338.6050www.aitegroup.com