In the capital markets, the shift of compute power and data storage from on-premise equipment or third-party datacenters to the cloud continues full steam ahead. However, establishing good data governance in cloud environments is emerging as a challenge to making the most of cloud’s performance-enhancing and cost-reducing potential.

Examples of recent cloud migrations among large banks and asset managers include: Fidelity’s asset management arm, which has migrated 98.8% of its applications