Overview
Cloud Evolution: Mandate to Modernize is the culmination of primary market research targeting 532 senior executives worldwide.
It provides key insights into how businesses modernize cloud infrastructure, adopt cloud native architectures and leverage platform engineering for automation.
The report also highlights how cloud and AI can enable manufacturers to stay agile, secure and responsive to evolving market needs while driving operational excellence and competitive differentiation.
Financial Services firms prioritize cloud computing and generative AI for risk management, data security and regulation compliance. Their focus on security, low-latency performance and scalability is critical, especially for high-frequency trading and fraud detection.
Generative AI is transforming customer-facing innovations, offering personalized services and financial advice tailored to clients' needs.
This report analyzes how financial services firms' cloud adoption differs from other industries while addressing their specific business objectives.
Cloud Evolution: Mandate to Modernize
By the Numbers
At HCLTech Financial Services, we drive transformative growth through experience led, innovation driven, technology powered solutions. By leveraging GenAI, cloud native platforms, and advanced data analytics, we empower financial institutions to accelerate modernization, elevate customer experiences and enhance operational efficiency. Our expertise not only enables clients to harness the full potential of Gen AI through robust data and cloud foundations but also ensures that traceability is seamlessly integrated into Gen AI solutions, guaranteeing compliance with regulations and governance."
Key Findings
Financial services organizations are more likely to adopt multicloud operations through a deliberate strategy.
Skill gaps in both cloud native development and generative AI expertise are more pronounced in the Financial Services sector.
While there is growing demand to migrate more workloads to the public cloud, there is less conviction that modernizing these applications is necessary to maximize the cloud's value.
Cloud Evolution:
Mandate to Modernize
Capabilities
GenAI
We have been building and deploying enterprise AI solutions for almost a decade. Our strong AI and GenAI engineering, data and analytics expertise and proven industry value chain transformation capabilities uniquely position us to deliver business impact from AI.
Cloud
Our cloud strategy offers a comprehensive cloud consulting platform, enabling continuous modernization, increased agility and operational efficiency through adaptive solutions and cloud partnerships.
Application modernization
We combine cloud technologies and agile practices to modernize applications, leveraging generative AI for agility, innovation and long-term revenue growth.
Platform engineering
We deliver comprehensive Engineering and R&D Services, empowering your platform engineering ambitions, driving innovation and unlocking new revenue streams in the platform economy.
Cybersecurity
We provide cybersecurity services that ensure an adaptive security posture, focusing on people, processes and technology to protect your dynamic business environment.
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