Banks to boost cloud investments, yet underutilisation remains significant: Infosys

Infosys, in its latest report, said the banking sector is among the top industries likely to increase investment in cloud technology over the coming year. Despite this readiness, less than half of existing cloud commitments have been fully utilised.

The report, Cloud Radar: Banking Industry, sheds light on the state of cloud adoption and spending within the financial services sector. It surveyed over 2,500 respondents from companies across nine industries in countries including Australia, France, Germany, New Zealand, the UK, the US, and the Nordic region. Of these, 399 respondents were from banks.