Banks Continue to Reap the Benefits of Public Cloud: Results from IDC's 2023 Worldwide Industry CloudPath Survey

Banks Continue to Reap the Benefits of Public Cloud: Results from IDC's 2023 Worldwide Industry CloudPath Survey

This IDC Perspective looks at IDC's 2023 Worldwide Industry CloudPath Survey results for the global banking industry. In 2023, banks globally continue to recognize the critical importance of migrating to the cloud and gaining real benefits to both lines of business (LOBs) and IT and operations groups. Public cloud services have been proven to bring new services to the market faster and more powerfully by accessing the latest functionalities provided by the cloud-based software market and better leverage enterprisewide data supported by IDC's survey data."Even critical banking workloads are moving to public cloud," says Jerry Silva, VP, IDC Financial Insights. "This is a sign that, along with improving innovation from a business perspective, public cloud also improves the table-stakes areas of security and compliance," he adds.

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