Cover Legacy Gaps
Theres no replacing all legacy systems and applications all at once, if ever. The use of a hybrid model to cover the gaps between old and new systems is expected to peak among larger enterprises over the next few years, according to Saugatuck Technology. This one-foot-in-front-of-the-other approach is also expected to boost deployments into other types of cloud computing.
Cut Energy Costs
The financial industry has a keen sense of caution with information security. There is also special attention to the bottom line. ING found the energy costs and footprint with managing their own data centers to be too cumbersome, and have opted for hybrid and co-hosted clouds to handle some financial services information. In making this decision, the banking giant has paid close attention to defining data and technology standards as well as the regulatory limits with certain data.
Extend Networks and Models
Insurers already use a wide variety of external services for rating, underwriting and social media initiatives, so a hybrid cloud may not be so alien of a concept. A hybrid model that has an agnostic basis for service fulfillment provides opportunities for more robust business process management tools and other avenues to increase efficiency and focus on core competencies. Celent analyst Chuck Johnston warns that a hybrid deployment should not be one made primarily to keep up the status quo with insurance systems and operations.