|By PR Newswire||
|January 22, 2014 01:12 PM EST||
LONDON, Jan. 22, 2014 /PRNewswire/ -- Reportbuyer.com just published a new market research report:
This report presents the findings from a survey of X financial market institutions regarding their Information and Communication Technology (ICT) investment priorities. The survey investigates the core technologies which financial market institutions are investing in, including the likes of enterprise applications, security, mobility, communications and collaboration, and Cloud Computing.
Introduction and Landscape
Why was the report written?
In order to provide deeper insights into financial market institutions' ICT investment priorities and strategic objectives.
What is the current market landscape and what is changing?
The survey shows that the adoption of cloud computing is relatively low, owing to concerns relating to security and reliability.
What are the key drivers behind recent market changes?
Financial market institutions are planning to increase their investments in cloud computing in the future, primarily driven by benefits such as increased agility and scalability and lower total cost of ownership (TCO).
What makes this report unique and essential to read?
Kable Global ICT Intelligence has invested significant resources in order to interview CIOs and IT managers about their IT investment priorities. Very few IT analyst houses will have interviewed 150+ ICT decision makers in financial markets in H2 2012.
Key Features and Benefits
Recognize financial market institutions' strategic objectives with regards to their ICT investments.
Identify financial market institutions' investment priorities based on their budget allocations across core technology categories such as enterprise applications, security, mobility, communications and collaboration, and Cloud Computing, etc.
Learn about the drivers that are influencing financial market institutions' investments in each technology category.
Establish how financial market institutions' IT budgets are currently allocated across various segments within a technology category.
Gain insight into how financial market institutions plan to change their IT budget allocations across various segments within a technology category.
Key Market Issues
Kable's survey shows that financial market institutions are placing high levels of importance on the strategic objective of improving security and privacy, with the highest average ratings of X on a scale of 1 to 4.
Financial market institutions are investing in enterprise applications which enable risk and compliance management, performance and profitability management, marketing and business intelligence, HR management, and front office management to streamline their business operations.
Amidst continuously evolving regulations and a highly competitive market there is a growing need for financial market institutions to respond quickly to changes and make decisions in order to increase business efficiency and productivity. Therefore, institutions are adopting business intelligence (BI) tools to transform data and information into meaningful insights.
Content management solutions enable financial market institutions to mitigate legal and regulatory risk by classifying and storing information in an organised manner and making it accessible for compliance purposes. Therefore, a large proportion of financial market institutions are planning to invest in these solutions in the next two years.
Financial market institutions are putting a lot of emphasis on deploying various IT systems management solutions and minimising their ICT infrastructure complexity, as the majority (X%) of institutions are operating in either a very complex or a somewhat complex ICT environment.
In the next two years, financial market institutions are relatively keen on CRM application expenditure, as 63% of these firms are planning investments in this domain. CRM solutions offer functionality that enables institutions to better manage client opportunities and relationships, while helping institutions' sales, trading, and research functions.
The adoption of real-time BI is expected to gain momentum as institutions need to take proactive decisions depending on price swings or breaking news relating to relevant holdings. Not surprisingly therefore, the highest percentage of financial institutions are planning to invest in real-time BI in the next two years.
In the next two years, 59% of respondents are planning to invest in customer facing applications to improve customer satisfaction. The demand for tablet computing is also expected to increase as 53% of financial market firms are planning investments in this space in the next two years.
Server virtualization is the most widely deployed green IT solution by financial market institutions, with a penetration rate of 66%. Kable's survey finds that server virtualization is expected to receive higher investments, as X% of institutions are planning to deploy these solutions in the next two years.
Kable's survey finds that private and hybrid cloud are expected to bring in greater investments in the next twenty-four months, as 58% and 59% of institutions are planning to invest in these cloud computing models over this timeframe.
1 Enterprise ICT investment trends
1.2 Survey demographics
1.3 ICT budget changes
1.4 Strategic objectives
1.5 Core technology investment priorities
2 Detailed ICT investment priorities
2.2 Enterprise applications
2.3 Business intelligence
2.5 Content management
2.7 IT systems management
2.8 Communications and collaboration
2.9 Green IT and virtualization
2.1 Cloud computing solutions
3.1 Financial market institutions are making notable investments in enterprise applications to increase competitiveness and streamline operations
4.2 Further reading
4.3 Contact the authors
List of Tables
Table 1: Financial markets - enterprise ICT survey geographic breakdown
Table 2: Financial markets - enterprise ICT survey breakdown by size band (number of employees)
Table 3: Recent and expected ICT budget changes among financial market institutions
Table 4: Current strategic objectives of financial market institutions
Table 5: Current and future investment priorities of financial market institutions across core technologies
Table 6: Enterprise applications - financial market institutions' current and future investment priorities
Table 7: Business intelligence - financial market institutions' current and future investment priorities
Table 8: Security - financial market institutions' current and future investment priorities
Table 9: Content management - financial market institutions' current and future investment priorities
Table 10: Mobility - financial market institutions' current and future investment priorities
Table 11: IT systems management - financial market institutions' current and future investment priorities
Table 12: Communications and collaboration - financial market institutions' current and future investment priorities
Table 13: Green IT and virtualization - financial market institutions' current and future investment priorities
Table 14: Cloud computing solutions - financial market institutions' current and future investment priorities
List of Figures
Figure 1: Financial markets - enterprise ICT survey geographic breakdown
Figure 2: Financial markets - enterprise ICT survey breakdown by size band (number of employees)
Figure 3: Recent and expected ICT budget changes among financial market institutions
Figure 4: Current strategic objectives of financial market institutions
Figure 5: Current and future investment priorities of financial market institutions across core technologies
Figure 6: Enterprise applications - financial market institutions' current and future investment priorities
Figure 7: Business intelligence - financial market institutions' current and future investment priorities
Figure 8: Security - financial market institutions' current and future investment priorities
Figure 9: Content management - financial market institutions' current and future investment priorities
Figure 10: Mobility - financial market institutions' current and future investment priorities
Figure 11: IT systems management - financial market institutions' current and future investment priorities
Figure 12: Communications and collaboration - financial market institutions' current and future investment priorities
Figure 13: Green IT and virtualization - financial market institutions' current and future investment priorities
Figure 14: Cloud computing solutions - financial market institutions' current and future investment priorities
Read the full report:
ICT Priorities in Financial Markets - Enterprise ICT investment plans
For more information:
Research Advisor at Reportbuyer.com
Email: [email protected]
Tel: +44 208 816 85 48
Compute virtualization has been transformational, yet security policy implementation and enforcement has lagged behind in agility and automation. There are a number of key considerations when implementing policy in private and hybrid clouds. In his session at 15th Cloud Expo, Holland Barry, VP of Technology at Catbird, will discuss the impact of this new paradigm and what organizations can do today to safely move to software-defined network and compute architectures, including: How normal ope...
Oct. 24, 2014 03:00 PM EDT Reads: 1,289
Samsung VP Jacopo Lenzi, who headed the company's recent SmartThings acquisition under the auspices of Samsung's Open Innovaction Center (OIC), answered a few questions we had about the deal. This interview was in conjunction with our interview with SmartThings CEO Alex Hawkinson. IoT Journal: SmartThings was developed in an open, standards-agnostic platform, and will now be part of Samsung's Open Innovation Center. Can you elaborate on your commitment to keep the platform open? Jacopo Lenzi: S...
Oct. 23, 2014 11:45 PM EDT Reads: 2,503
How do APIs and IoT relate? The answer is not as simple as merely adding an API on top of a dumb device, but rather about understanding the architectural patterns for implementing an IoT fabric. There are typically two or three trends: Exposing the device to a management framework Exposing that management framework to a business centric logic • Exposing that business layer and data to end users. This last trend is the IoT stack, which involves a new shift in the separation of what stuff hap...
Oct. 23, 2014 07:45 PM EDT Reads: 1,542
SYS-CON Events announced today that SOA Software, an API management leader, will exhibit at SYS-CON's 15th International Cloud Expo®, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. SOA Software is a leading provider of API Management and SOA Governance products that equip business to deliver APIs and SOA together to drive their company to meet its business strategy quickly and effectively. SOA Software’s technology helps businesses to accel...
Oct. 23, 2014 06:15 PM EDT Reads: 1,557
SYS-CON Events announced today that Utimaco will exhibit at SYS-CON's 15th International Cloud Expo®, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Utimaco is a leading manufacturer of hardware based security solutions that provide the root of trust to keep cryptographic keys safe, secure critical digital infrastructures and protect high value data assets. Only Utimaco delivers a general-purpose hardware security module (HSM) as a customiz...
Oct. 23, 2014 05:45 PM EDT Reads: 1,488
Almost everyone sees the potential of Internet of Things but how can businesses truly unlock that potential. The key will be in the ability to discover business insight in the midst of an ocean of Big Data generated from billions of embedded devices via Systems of Discover. Businesses will also need to ensure that they can sustain that insight by leveraging the cloud for global reach, scale and elasticity.
Oct. 22, 2014 09:00 PM EDT Reads: 1,395
SYS-CON Events announced today that ElasticBox is holding a Hackathon at DevOps Summit, November 6 from 12 pm -4 pm at the Santa Clara Convention Center in Santa Clara, CA. You can enter as an individual or team of up to 10 developers. A New Star Is Born Every Month! All completed ElasticBoxes will then be sent to a judging panel - 12 winners will be featured on the ElasticBox website in 2015. All entrants will receive five full enterprise licenses for one year + ElasticBox headphones + Elasti...
Oct. 22, 2014 01:00 PM EDT Reads: 1,507
Once the decision has been made to move part or all of a workload to the cloud, a methodology for selecting that workload needs to be established. How do you move to the cloud? What does the discovery, assessment and planning look like? What workloads make sense? Which cloud model makes sense for each workload? What are the considerations for how to select the right cloud model? And how does that fit in with the overall IT tranformation? In his session at 15th Cloud Expo, John Hatem, head of V...
Oct. 22, 2014 12:00 PM EDT Reads: 1,534
Cloud services are the newest tool in the arsenal of IT products in the market today. These cloud services integrate process and tools. In order to use these products effectively, organizations must have a good understanding of themselves and their business requirements. In his session at 15th Cloud Expo, Brian Lewis, Principal Architect at Verizon Cloud, will outline key areas of organizational focus, and how to formalize an actionable plan when migrating applications and internal services to...
Oct. 22, 2014 11:45 AM EDT Reads: 1,548
SAP is delivering break-through innovation combined with fantastic user experience powered by the market-leading in-memory technology, SAP HANA. In his General Session at 15th Cloud Expo, Thorsten Leiduck, VP ISVs & Digital Commerce, SAP, will discuss how SAP and partners provide cloud and hybrid cloud solutions as well as real-time Big Data offerings that help companies of all sizes and industries run better. SAP launched an application challenge to award the most innovative SAP HANA and SAP ...
Oct. 22, 2014 07:00 AM EDT Reads: 1,645
Ixia develops amazing products so its customers can connect the world. Ixia helps its customers provide an always-on user experience through fast, secure delivery of dynamic connected technologies and services. Through actionable insights that accelerate and secure application and service delivery, Ixia's customers benefit from faster time to market, optimized application performance and higher-quality deployments.
Oct. 21, 2014 09:00 PM EDT Reads: 1,495
SYS-CON Events announced today that Calm.io has been named “Bronze Sponsor” of DevOps Summit Silicon Valley, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Calm.io is a cloud orchestration platform for AWS, vCenter, OpenStack, or bare metal, that runs your CL tools puppet, Chef, shell, git, Jenkins, nagios, and will soon support New Relic and Docker. It can run hosted, or on premise and provides VM automation / expiry, self-service portals,...
Oct. 21, 2014 08:45 PM EDT Reads: 1,439
In her General Session at 15th Cloud Expo, Anne Plese, Senior Consultant, Cloud Product Marketing, at Verizon Enterprise, will focus on finding the right mix of renting vs. buying Oracle capacity to scale to meet business demands, and offer validated Oracle database TCO models for Oracle development and testing environments. Anne Plese is a marketing and technology enthusiast/realist with over 19+ years in high tech. At Verizon Enterprise, she focuses on driving growth for the Verizon Cloud pla...
Oct. 21, 2014 07:30 PM EDT Reads: 1,524
SYS-CON Events announced today that Aria Systems, the recurring revenue expert, has been named "Bronze Sponsor" of SYS-CON's 15th International Cloud Expo®, which will take place on November 4-6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Aria Systems helps leading businesses connect their customers with the products and services they love. Industry leaders like Pitney Bowes, Experian, AAA NCNU, VMware, HootSuite and many others choose Aria to power their recurring revenue bu...
Oct. 21, 2014 06:00 PM EDT Reads: 1,484
The Internet of Things (IoT) is going to require a new way of thinking and of developing software for speed, security and innovation. This requires IT leaders to balance business as usual while anticipating for the next market and technology trends. Cloud provides the right IT asset portfolio to help today’s IT leaders manage the old and prepare for the new. Today the cloud conversation is evolving from private and public to hybrid. This session will provide use cases and insights to reinforce t...
Oct. 21, 2014 05:15 PM EDT Reads: 1,569
As Platform as a Service (PaaS) matures as a category, developers should have the ability to use the programming language of their choice to build applications and have access to a wide array of services. Bluemix is IBM's open cloud development platform that enables users to easily build cloud-based, creative mobile and web applications without having to spend large amounts of time and resources on configuring infrastructure and multiple software licenses. In this track, you will learn about the...
Oct. 21, 2014 05:00 PM EDT Reads: 1,535
Blue Box has closed a $10 million Series B financing. The round was led by a strategic investor and included participation from prior investors including Voyager Capital and Founders Collective, as well as the Blue Box executive team. This round follows a $4.3 million Series A closed in December of 2012 and led by Voyager Capital. In May of this year, the company announced general availability of its private cloud as a service offering, Blue Box Cloud. Since that release, the company has dem...
Oct. 21, 2014 01:45 PM EDT Reads: 1,594
SYS-CON Events announced today that Verizon has been named "Gold Sponsor" of SYS-CON's 15th International Cloud Expo®, which will take place on November 4-6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Verizon Enterprise Solutions creates global connections that generate growth, drive business innovation and move society forward. With industry-specific solutions and a full range of global wholesale offerings provided over the company's secure mobility, cloud, strategic network...
Oct. 21, 2014 09:30 AM EDT Reads: 1,651
SimpleECM is the only platform to offer a powerful combination of enterprise content management (ECM) services, capture solutions, and third-party business services providing simplified integrations and workflow development for solution providers. SimpleECM is opening the market to businesses of all sizes by reinventing the delivery of ECM services. Our APIs make the development of ECM services simple with the use of familiar technologies for a frictionless integration directly into web applicat...
Oct. 20, 2014 10:00 PM EDT Reads: 1,756
The only place to be June 9-11 is Cloud Expo & @ThingsExpo 2015 East at the Javits Center in New York City. Join us there as delegates from all over the world come to listen to and engage with speakers & sponsors from the leading Cloud Computing, IoT & Big Data companies. Cloud Expo & @ThingsExpo are the leading events covering the booming market of Cloud Computing, IoT & Big Data for the enterprise. Speakers from all over the world will be hand-picked for their ability to explore the economic...
Oct. 20, 2014 07:00 PM EDT Reads: 2,107