IT OUTSOURCING TO 3RD PARTIES BY FINANCIAL SERVICE PLAYERS IN EUROPE
Published May 2007 - 92pp

Report Synopsis

This new survey reveals that pressures are mounting that will produce a significant escalation to third party outsourcing by financial services companies. An important sector for data centres, in some cases representing more than 20% of revenues, the report analyses interviews with 43 senior directors of IT in companies ranging from small regional banks to major global investment companies.

Power, cooling and lack of space are identified as the most critical and to the interviewees, apparently insoluble challenges to confront data centres. A majority of those interviewed considered data centre space and power as becoming more important again over the next 12 months.

The report identifies many other current concerns and because of the long term perspective evident in the sector, the outsourcer selected is regarded as a very important collaborative partnership over many years.

Interviewees provide a wealth of information and insight about the very wide range of factors that impact their data centre strategy, both internal and external, and give evidence to the importance of IT within the organisation and its changed role as a source of competitive differentiation.

In defining their selection criteria the report is a valuable tool for both suppliers of data centre services and equipment vendors.

Summary

Review of interviews with financial service companies in Europe
Analyses business, market, regulatory and technological drivers of third party outsourcing
European context – London remains focus for majority of interviews
Case studies
Assesses criteria used by financial service companies in determining outsource decision
12 tables and charts
92pp

Who Should Buy This Report

- Data Centre providers
- Managed Service providers
- Telcos
- Utility & on-demand computing companies
- User organisations
- Property/Real Estate firms
- Investors in the data centre sector
- Equipment Vendors
- Consultants
- Regulatory bodies

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