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Cloud Market Readiness Report Finance, Media, and Legal Sectors March 2014 Trend Consulting 2013

Cloud Market Readiness Report Finance, Media, and Legal Sectors March 2014 Trend Consulting 2013

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Page 1: Cloud Market Readiness Report Finance, Media, and Legal Sectors March 2014 Trend Consulting 2013

Trend Consulting 2013

Cloud Market Readiness Report

Finance, Media, and Legal Sectors

March 2014

Page 2: Cloud Market Readiness Report Finance, Media, and Legal Sectors March 2014 Trend Consulting 2013

Project Scope

• Gain insights on cloud computing market uptake within the UK Finance, Media, and Legal Services segments

• Interviews with 75 middle and senior management IT executives

Exploring:

1. How organisations source their technology requirements and utilise current IT services

2. Better understand the drivers for cloud computing

3. Relevant business challenges, drivers & primary investments being made

Page 3: Cloud Market Readiness Report Finance, Media, and Legal Sectors March 2014 Trend Consulting 2013

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Key Findings

Page 4: Cloud Market Readiness Report Finance, Media, and Legal Sectors March 2014 Trend Consulting 2013

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Appetite For Cloud Services

Industry Segment Appetite Overview

Finance More Considered

• Initially private cloud for essential workloads• Regulatory compliance inhibits broader market

uptake because of data security concerns• Where does business critical data reside/who owns

it?Media Embracing

Cloud• Guiding future IT strategies• Ramping up cloud services to better enable global

reach, connectivity and flexibility• Storage & content management cloud hosted

solutions• Legacy architecture & process re-engineering

however inhibiting cloud deploymentsLegal Evaluating

Business Benefits

• Currently for apps development, testing & non-essential workloads

• Securing client data is key concern

Page 5: Cloud Market Readiness Report Finance, Media, and Legal Sectors March 2014 Trend Consulting 2013

Primary Drivers For IT Departments

Need for IT to better support business change, improve operational efficiencies, reduce operational costs, and improve user productivity and flexibility

Trend Consulting 2013 Sample: 100

Other

Move to digital publishing

Storage and content management

Adopting cloud based infrastructure

Consolidation & Centralisation of IT systems & services

Mobile device management & secure remote data access

3%

9%

12%

19%

24%

34%

Page 6: Cloud Market Readiness Report Finance, Media, and Legal Sectors March 2014 Trend Consulting 2013

Plans for VDI

Drivers include improved efficiencies from central management & administrative control, reduced cost of user support, and ideal for repetitive process workers

Trend Consulting 2013 Sample: 100

17%

40%

43%No plans to implement

Already implemented

Evaluating

Page 7: Cloud Market Readiness Report Finance, Media, and Legal Sectors March 2014 Trend Consulting 2013

BYODDrivers include user mobility, productivity, flexibility, and staff retention and morale.

Challenges however include how to secure business critical data out of the office

36%

18%

46%Already implemented

Not planning to implement

Planning to implement

Sample: 100

Page 8: Cloud Market Readiness Report Finance, Media, and Legal Sectors March 2014 Trend Consulting 2013

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Media Sector

Primary ConcernsContent & Storage Management

• Exponential storage growth

• Data management and distribution

• Lack of consistency in way data is being stored & managed

• Need to retain data for longer periods

• What to archive/what to be made available

• Balance short term & long term needs

• Influencing future IT storage strategies

Page 9: Cloud Market Readiness Report Finance, Media, and Legal Sectors March 2014 Trend Consulting 2013

Content & Storage ManagementSourcing Strategy

33%

25%

42%

Manage in-house

Already outsource

Planning to outsource

Page 10: Cloud Market Readiness Report Finance, Media, and Legal Sectors March 2014 Trend Consulting 2013

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Finance Sector

Primary Challenges

• IT needs to better support the business become a 21st century finance organisation

• Automate business processes to reduce operational costs and improve office efficiencies and productivity

• Speed up delivery of IT services to users

• Radically reduce TCO

• Upgrade legacy infrastructures

• How best to leverage cloud services despite heavy regulatory compliance

Page 11: Cloud Market Readiness Report Finance, Media, and Legal Sectors March 2014 Trend Consulting 2013

IT Service & Support Concerns

Ratings scale of 1 to 6, where 1 is “not of any concern to us” and 6 is “a big concern for us which needs to be significantly improved”

Trend Consulting 2013

Transform and rationalise the IT infrastructure

improved user mobility and flexibility

Reduced Cost of Supporting Users

Access data more securely to reduce risk

3.60

3.60

4.02

4.08

Page 12: Cloud Market Readiness Report Finance, Media, and Legal Sectors March 2014 Trend Consulting 2013

IT Service & Support Concerns

Ratings scale of 1 to 6, where 1 is “not of any concern to us” and 6 is “a big concern for us which needs to be significantly improved”

Trend Consulting 2013

Partner

Finance

Media

Legal

Whole group

4.00

3.80

3.64

3.17

3.56

3.38

4.30

3.64

3.33

3.71

4.00

4.30

3.86

3.67

3.97

3.11

4.90

4.07

4.00

4.35

Access data more securely to reduce risk

Reduced Cost of Supporting Users

Improved user mobility and flexibility

Transform and rationalise the IT infrastructure

Sample: 100

Page 13: Cloud Market Readiness Report Finance, Media, and Legal Sectors March 2014 Trend Consulting 2013

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Accessing Data More Securely

Industry Segment Primary ConcernsFinance • Regulatory compliance and

governance driving need to better secure customer data

Media • Content is the asset where they make their money

Legal • High profile clients expect high levels of security and confidentiality

Page 14: Cloud Market Readiness Report Finance, Media, and Legal Sectors March 2014 Trend Consulting 2013

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Improve user mobility & collaboration

Industry Segment Primary DriversFinance • 50% + knowledge workers driving

demand for BYOD• VDI being evaluated as more

remote staff get deployed

Media • Mobility appears not to be as key a driver as in Finance

• Other priorities need to be handled first (e.g. move to digital, content & storage management

Legal • Increased global travelling by partners and senior staff driving need for 24/7 access to client data systems

Page 15: Cloud Market Readiness Report Finance, Media, and Legal Sectors March 2014 Trend Consulting 2013

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IT Transformation

Industry Segment Primary DriversFinance • M&As

• Reduce TCO through DC virtualisation, consolidation & rationalisation

• Enable rapid adoption of private cloud• Office rationalisation - fewer high density

environments to save costs

Media • Reduce TCO• Shared services model• Group consolidation projects

Legal • M&As • Drive towards centralisation & globalisation

of IT by some companies Partners • Reduce TCO

• Innovative technology for competitive differentiation

• Satisfy customer demand for faster IT service delivery & lower costs of support

Page 16: Cloud Market Readiness Report Finance, Media, and Legal Sectors March 2014 Trend Consulting 2013

Networking & Communications Challenges

Trend Consulting 2013Sample: 100

Speed of connectivity & provision of services

Bandwidth

Network infrastructure uptime & availability

Seamless connectivity between different systems & devices

12%

22%

31%

35%

Page 17: Cloud Market Readiness Report Finance, Media, and Legal Sectors March 2014 Trend Consulting 2013

For More Information, Contact……

Tim Donovan

Office: 00 44 1722 413 555Mobile: 00 44 7802 170 448

Trend Consulting

www.trend.co.uk

Trend Consulting 2013