Edge Technology Group, a Managed Service Provider to the financial sector, has released a paper exploring several key factors to aid investment firms in developing an informed cloud migration strategy.
The paper also provides key findings from the Gartner research report, ‘Build the Right Justification for Moving to the Cloud’ (Kevin Ji; Refreshed 27 July 2018, Published 15 May 2017). The paper is designed to aid firms in mapping a successful cloud migration for their particular use cases.
As cloud computing continues to evolve, the views on the value of public versus private cloud are also developing. In many business situations, the cloud is not a ‘one-size-fits-all’ decision. Both the private and public cloud models have unique advantages and disadvantages that should be thoroughly analysed to determine the optimal cloud strategy.
Alternative investment groups, such as hedge funds and private equity firms, have particularly high standards when it comes to performance, security and support. “As an advisory, Edge maintains a technology-agnostic position. This allows us to always remain focused on optimising our clients’ technology strategy to serve their underlying business goals and specific use cases,” says Jim Nekos, CEO Edge Technology Group. “Financial firms moving to cloud computing platforms – whether public or private – should always demand high efficiencies and network performance,” continued Nekos.
Data sovereignty is another area covered in the newsletter. Data protection and control of data are key concerns of regulators and investors. “Firms should insist that their cloud provider – public, private or hybrid – offers complete visibility into where their data is actually located for a variety of reasons, from investor and regulatory requirements to performance and latency concerns,” says John Pecoraro, COO Edge Technology Group.