ECI Publishes Survey Exploring Technology & Cyber Priorities
Boston, MA March 06, 2019 – Eze Castle Integration, a leading provider of strategic IT and complete cloud solutions to the investment industry, reveals technology and cybersecurity priorities for investment management firms in its 2019 Global Investment Management Survey. Conducted in partnership with Microsoft and IDG Research, the survey includes 150 senior-level executives from the United States and United Kingdom, and findings cover: technology priorities, cybersecurity plans and concerns, outsourcing attitudes and trends, and IT budgeting
IT Priorities for Investment Firms
The study shows that small and midsized investment firms worldwide are focused on building out their IT infrastructures. Seventy percent of respondents surveyed indicated IT investment as their top organizational aim (24%) or ranked it among their highest priorities (46%). Modernizing legacy data infrastructures was also a noted priority with 49% reporting these projects are underway and 45% stating the project is planned.
Cybersecurity is a Major Concern
Increased protection from cybersecurity threats ranked as a key driver for IT investments, with almost three quarters of respondents claiming they are very or extremely concerned about cybersecurity threats. With that said, investment firms are developing robust data security programs. Top implemented cybersecurity initiatives underway include formal cybersecurity risk management (65%), employee security awareness training (62%), establishing preventative measures (61%), and implementing cyber countermeasures (55%).
Managed Cloud and Outsourced IT Services Dominate the Sector
The survey indicated that managed cloud computing and outsourced IT services were immensely popular, with 4 out of 5 respondents attesting to leveraging one or both of these offerings. Those that haven’t outsourced to the cloud or contracted with outside IT groups said they plan to in the near future. They ranked the top benefits as security, cost savings, and around the clock network management.
About the 2019 Global Investment Management Survey
The online survey conducted by IDG Research collected information from 150 senior-level executives at investment firms with under 500 employees in the US and UK. The executives were required to have IT decision making responsibility. Ten (10) percent of these individuals worked at firms with more than $2 billion in assets under management (AUM); 21 percent had an AUM of $1 billion to $1.9 billion; 28 percent had assets of $500 million to $999.9 million; 20 percent had assets of $250 million to $499.9 million, and 20% had assets under $250 million at the time of the survey.
Download the 2019 Investment Firm Survey Results here.
About Eze Castle Integration
Eze Castle Integration is the leading provider of managed IT services, complete cloud solutions and cybersecurity to more than 650 clients worldwide. The company’s products and services include Cloud Services, Managed Cyber Security Solutions, Technology Consulting, Outsourced IT Support, Project & Technology Management, Professional Services, Telecommunications, Voice over IP, Business Continuity Planning and Disaster Recovery, Archiving, Storage and Colocation. Eze Castle Integration is headquartered in Boston and has offices in Chicago, Dallas, Hong Kong, London, Los Angeles, Minneapolis, New York, San Francisco, Singapore and Stamford.