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Veritas: Too many vendors, not enough visibility

Security fears (84%) and risk of non-compliance (52%) are cited as the biggest barriers to cloud adoption for the insurance and finance industries in a new report from Veritas Technologies, Veritas 2020 Data Management in a Multi-Cloud World: Finance and Insurance. Even so, cloud adoption in the sectors is growing strongly, with 48% of organisational data now stored or managed in the public cloud – a figure that is expected to rise to 78% in five years’ time.

The report highlights weaknesses in organisations’ data backup capabilities, with 83% using multiple vendors or solutions within their data protection infrastructure and just 21% able to back up all workloads equally effectively. Only 13% have a consolidated on-premise and cloud solution and only 15% have full visibility of unstructured data.

www.veritas.com

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TechnologyReseller: 2021