In January 2017, McAfee published a report on Cloud usage which found that 93% of organisations now use Cloud computing in at least one aspect of their business. They found that by the end of 2018, 80% of all IT Budgets will be committed to Cloud Solutions. It is this global shift in usage, that has seen the Alternative Investment Sector move their infrastructure onto Private cloud platforms.
Control, security & support. 3 key benefits of using Private Cloud platforms over Public Cloud offerings. Daniel Page (Head of Asset Management Advisory, for KPMG in Ireland) had this to say on the matter:
'A challenge with security preparedness on the public cloud often comes down to support. If an incident occurs on a public cloud, clients are often left sitting in a public queue waiting for the next available service technician rather than picking up the hotline to your dedicated help desk. Private clouds are purposely built for alternative investment firms and the associated applications, which allow these providers to provide customised services and rapid support to clients. Those fund managers relying on public cloud and off-the-shelf applications will have a hard time defending their approach to investors if their data gets hacked.'
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