CIOs in financial services are moving beyond traditional responsibilities of maintaining infrastructure. They are now playing a crucial role in strategic decision-making, focusing on environmental and social responsibilities, and addressing the digital divide. A significant 70% of CIOs report increased involvement in revenue-generating discussions at the executive level.
Importance of Multi-Cloud
A multi-cloud strategy is becoming essential as 93% of financial services companies are expected to use multiple cloud providers within five years. CIOs recognize that multi-cloud environments can accelerate innovation and improve security, with 78% using it to enhance security measures. However, they also face challenges like interoperability and increased costs.
Modernizing Application Pipelines
Modernizing application pipelines is a top priority for 91% of CIOs, as they aim to enhance customer experiences and maintain competitiveness. However, they face challenges such as managing complexity across heterogeneous systems and ensuring cybersecurity. Many CIOs believe that tools providing simplicity across platforms could significantly improve their modernization efforts.
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