Financial Services and Insurance

Infosys surveyed 187 executives from Financial Services and Insurance (FSI) organizations with over US$ 1 billion in revenues across the United States, Europe, Australia and New Zealand (ANZ). The respondents were CXOs and senior executives involved in cloud initiatives representing both technology and business functions.

The survey was aimed at understanding the cloud initiatives for Financial Services and Insurance companies. Some interesting findings from this survey:

• FSI firms may hesitate to move legacy and mission-critical applications to public clouds to protect business interests as well as avoid any form of disruption.
• FSI Firms primarily select private cloud to enjoy better handling of data (48 percent), lower IT costs (46 percent), and better alignment to regulatory changes (43 percent).