New study shows mainframes still popular despite the rise of cloud—though times are changing…fast

A whitepaper from the DTCC and Celent finds that 67% of buy- and sell-side firms hope to be “cloud first” by 2024, but mainframes still part of the equation.

Arguably the most challenging decisions facing a head of technology or data is determining which workflows, data, and applications should be migrated to the cloud, and what that timeframe should look like. Yet while the cloud might seem inevitable, a new report that surveyed financial institutions across the buy and sell side shows that most firms still rely on legacy technology for their datacenter needs.

The report, which was conducted by the Depository Trust & Clearing Corporation (DTCC) and

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