Executive Snapshot

Figure: Executive Snapshot: Embracing Cloud for Digital Business

Situation Overview

Cloud Migration Accelerates and Is Gaining a Greater Share of IT Budgets

Figure: Worldwide Banking IT Spending and Public Cloud Share, 2021–2026

How Banks Choose Which Workflows to Migrate

Figure: Criteria Used to Determine Which Workflows Should Migrate to Public Cloud in 2022

Triggers to Move to Cloud and Partner Selection Criteria

Figure: Most Important Trigger Events Leading to Cloud

Actual Versus Expected Benefits of Cloud Adoption

Figure: Actual Benefits Often Outweigh Expectations for Cloud

Advice for the Technology Buyer

Cloud Is an Essential Component of the Digital Bank

Align Workload Migration with the Goal of Digital Business

Ensure Support for Cloud Management

Partner with Providers That Have Deep Experience in Financial Services

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Related Research

Synopsis