target audience: TECH SUPPLIER Publication date: Mar 2023 - Document type: Market Perspective - Doc Document number: # EUR150468323
Data Value Realization: Opportunities from Financial Ecosystem and Public Cloud Partnerships
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Abstract
This IDC Market Perspective analyses the recent strategic partnership between public clouds and financial ecosystem players in Europe and how they indicate a new co-innovative technology partnership trend.
"Financial entities are doubling down on cloud, security and data technologies for core transformation and are committing to an anchor cloud for these initiatives through long-term partnerships," said Archana Venkatraman, research director, CloudOps and Cloud Data Governance at IDC. "Technology providers also have a skin in the game and the success of these strategic partnerships will depend on how critical customer pain points are addressed by the cloud ecosystem."