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IT spending can be difficult to justify at times when finances are tight, and even harder to justify when there’s no sign of an upturn in the foreseeable future. Organisations that find themselves fighting for survival are more likely to instinctively want to redirect money to the frontline rather than the back office.
The majority of financial services institutions are developing multi-cloud strategies, with 70 percent expecting to have live deployments by 2024, according to a new report from British software company YellowDog.
The company surveyed 200 IT business decision makers from UK and US financial services institutions with over 500 employees about their cloud strategies, finding that 98 percent are using a hybrid strategy and none to be entirely dependent on on-premise infrastructure.