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Gartner Report: Financial Services’ Top 5 Cloud Imperatives for Destination 2030

The use of cloud services has become more accepted in financial services institutions (FSIs) because stakeholders across business and IT have gained a level of comfort with various deployment models. This requires chief information officers to make strategic decisions.

“Cloud first doesn’t have to mean cloud-everything,” according to Gartner. “Increasing digital complexity requires that financial services CIOs align cloud strategies and adoption directly and deliberately with future business vision and expectations to best leverage cloud services in the coming decade.”

Gartner research identifies five high-level imperatives and recommended best practices that all CIOs must consider as they set up a cloud strategy for the next decade:

  • Cost and value
  • Migration and architecture
  • Management and governance
  • Skills and competencies
  • Risk, security, and compliance

Graphic showing cloud imperatives for Financial Services

This graphic was published by Gartner, Inc. as part of a larger research document and should be evaluated in the context of the entire document. The Gartner document is available upon request from Teradata.

We feel Teradata can help financial services organizations simplify the complexity of cloud migrations and minimize risk.

Download the complimentary research to find out key challenges and recommendations for financial services. Then contact Teradata to see how to optimize the lowest cost data analytics at scale.

Gartner, “Financial Services’ Top 5 Cloud Imperatives for Destination 2030”, by Jason Malo, Sham Gill, June 5, 2021

GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally, and is used herein with permission. All rights reserved.