Cloud Computing Remains Tough Sell For Data, Study Finds

virginie-oshea-aite
Virginie O'Shea, senior analyst, Aite Group

For storage and management of reference data using cloud computing resources, financial institutions are still proceeding cautiously and carefully, according to a study conducted by the Aite Group consultancy.

Security, data privacy and storage requirements are reasons for their concerns, according to the study, which surveyed 21 market participants, including broker-dealers, investment banks, asset managers and exchanges considering using cloud computing or committed to the practice.

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