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Cloud Adoption Trends Within the Investment Management Industry
June 2012
Cloud Adoption Trends Survey
Study commissioned by Eze Castle Integration
Study conducted by IDG Research Services
Timeframe: March 29 to May 3, 2012
Audience: Hedge Funds & Investment Management Firms – Respondents were screened for employment at companies using
or planning to use the cloud for infrastructure or application services
125 senior-level individuals completed the survey
Respondent Profile: Investment Type
65%
16%
16%
4%
Type of Investment Organization
Investment Management Firms
Hedge Funds
Private Equity Firms
Fund-of-funds
Respondent Profile: Assets Under ManagementOver a 1/3 of organizations surveyed managed assets in excess of $1 billion
34%
21%
25%
15%
Total Assets Managed
$1B$500-$999.99M$100-$499MLess than $100M
Respondent Profile: Job Title
Other
CCO
CTO
VP/Director of Operations
VP/Director of IT
Managing Director/Partner
COO
CFO
IT Manager
11%
5%
7%
10%
11%
12%
14%
14%
16%
Job Title
Key FindingsAlmost 8 in 10 hedge funds and investment firms are currently using the cloud for at least some of their infrastructure or application needs
Majority of firms’ first cloud initiatives center on basic business or office functionality (i.e. email, file services, mobility, etc.)
Private cloud is preferred deployment method
Top five factors influencing decision to use cloud areo Reduce Costso Speed IT Deploymento Simplify ITo Resources On-Demando Built-in DR
Current Use of the Cloud
Of respondents, almost 8 in 10 are using the cloud for at least some of their IT infrastructure or application needs.
79%
21%
Use of Cloud for Infrastructure or Application Services
Currently using cloud services
Planning to use cloud services
Current Use of the CloudHow are firms currently using the cloud?
*Multiple responses accepted.
Other infrastructure or application services
Complete IT outsourcing
Financial application hosting
Basic business/office functionality
35%
22%
50%
65%
Entering the Cloud: First InitiativesRespondents were asked what was/is likely to be their organization’s first cloud initiative:– A majority (57%) either began their use of the cloud with basic business
or office functionality or are likely to do so– Very few outsourced or were likely to outsource their complete IT
infrastructure to the cloud
Complete IT infrastructure outsourcing to the cloud
Financial application hosting via the cloud
Use of the cloud for basic business/office functionality
9%
34%
57%
First Cloud Initiative
Cloud Deployment Models: Current UsersFor those using cloud, a private cloud is employed as part or all of the solution more than 70% of the time– One third of respondents are using a public cloud model– Just over a third are using a hybrid cloud model
Don't Know
Public Cloud
Hybrid Cloud
Private Cloud
7%
33%
37%
71%
Cloud Deployment Models: Future Users
Findings mirror current deployments – Private cloud is most likely to be incorporated as part of an organization’s cloud deployment– Public cloud remains the least likely
Don't Know
Public Cloud
Hybrid Cloud
Private Cloud
35%
23%
31%
46%
Factors Influencing Decision to Use Cloud
To enable global support of local and remote offices
To take advantage of built-in disaster recovery/business continuity features/functionality
To improve IT flexbility and scalability of on-demand resources
To simplify IT management and support
To increase the speed of technology deployment
To reduce IT infrastructure investments/costs (transfer from CapEx to OpEx)
75%
80%
82%
82%
83%
86%
15%
17%
12%
13%
11%
9%
10%
3%
6%
5%
6%
6%
Extremely important/important Somewhat important Not very/not at all important
Five factors were viewed as extremely important/important by at least 75% of respondents; Cost savings had the largest percentage of those who rated it an important or extremely important factor (86%)
Barriers to Cloud DeploymentWhile all respondents used the cloud, they did note the following as potential barriers to cloud deployments
Top Barriers1. Security of cloud computing – high significance to more than 7 in 10
respondents
2. Information governance or meeting regulatory or compliance requirements – high significance to more than 7 in 10 respondents
Lesser Barriers
Investor/clients not being receptive to cloud computing– 1 in 4 respondents felt that this was not a significant issue at all
Fear of outgrowing the cloud – 59% viewed as significant
Fear of vendor lock-in – 54% viewed as significant
Barriers to Cloud Deployment
Fear of vendor lock-in
Fear of outgrowing or overpaying in the cloud
Concern about lack of custom application availability or integration
Investors/clients are not receptive to cloud computing solutions
Concerns about information governance or meeting regulatory or compliance requirements
Concerns about the security of cloud computing solutions (i.e. risk of unauthorized access, data integrity, etc.)
54%
59%
61%
62%
71%
77%
28%
25%
26%
14%
17%
14%
18%
16%
13%
23%
12%
10%
Extremely significant/significant Somewhat significant Not very/not at all significant
Cloud Services Providers: Specific Measures
Maintain geographic reach with cloud that supports multiple continents
Offer attractive Service Level Agreements (SLAs) for application availability and service delivery
Provide technology that integrates with other parts of our infrastructure
Adopt industry standard frameworks
Offer better pricing models
Put stronger controls in place to help enforce compliance-related policies and issues
Incorporate security into the system development lifecycle
Implement monitoring and access control policies and procedures and provide security reporting/updates to customers/clients
Offer flexibility in terms of contracts (e.g. to help avoid vendor lock-in)
70%
75%
77%
78%
79%
79%
80%
82%
82%
17%
18%
18%
18%
17%
14%
14%
15%
11%
14%
6%
5%
3%
4%
7%
6%
3%
6%
Importance of Specific MeasuresTaken by Cloud Providers
Extremely important/important Somewhat important Not very/not at all important
Cloud Services Providers: Evaluation Criteria
Geographic reach/global support
Prior experience with the vendor
Innovative ideas, in-depth insight and expertise regarding cloud trends and direction
Certified application availability
Strength of Service Level Agreement (SLA)
Cloud provider's technology infrastructure
Knowledge of how my organization operates and experience in building and operating cloud environments in my vertical/industry
Proven post-sales support and service
Experience in establishing effective security policies and procedures in the cloud
Offers the most cost-effective model
70%
74%
78%
80%
81%
81%
81%
82%
82%
84%
21%
21%
16%
16%
16%
16%
14%
14%
14%
12%
10%
5%
6%
4%
3%
3%
6%
5%
4%
4%
Importance of Factors WhenEvaluating Cloud Services Providers
Extremely important/important Somewhat important Not very/not at all important
Eze Castle Integration Overview
Founded 1995
Headquarters
Additional Offices
260 Franklin Street, 12th Floor, Boston, Massachusetts, 02110
Chicago, Dallas, Geneva, Hong Kong, London, Los Angeles, Minneapolis, New York City, San Francisco, Singapore and Stamford
# of Employees 340
Core Services
• Strategic IT Consulting• Outsourced IT Solutions• Professional Services• Project & Technology Management• Communications Solutions• Network Design & Management• Internet Service
• Private Cloud Services• Business Continuity Planning• Disaster Recovery• Compliance Solutions• Storage Solutions• Colocation Services• E-Mail & IM Archiving
Awards Received
About Eze Private CloudEze Private Cloud is the premier fully managed global private cloud platform for the hedge fund and alternative investment industry
Spans two continents and supports 2,000+ users globally
Delivers broad portfolio of services via best of breed cloud platform
Over 30 applications running and more than 1 petabyte of data in Eze Private Cloud
260 Franklin Street, 12th floor Boston, MA 02110 Tel: 617-217-3000 www.eci.com