NEW YORK — Leading financial technology executives say they want innovations that allow them to process more data more quickly, cheaply and reliably, according to results of a Bloomberg survey revealed today. The poll was taken at Bloomberg LINK’s first Enterprise Technology Summit, an invitation-only seminar that brought together more than 100 Chief Information Officers (CIOs) and technology decision-makers from major financial services firms.
The executives were asked 10 questions on key technology trends and the results included:
Spending – 76 percent said they will expect to increase information technology (IT) spending over the next 12 months; only 17 percent said they will decrease and 7 percent said spending will remain the same
Managed Solutions – 55 percent said they are shifting more of their overall capital expense to managed solutions; with only 33 percent saying no and 12 percent saying they don’t know
Compliance – 84 percent said they have increased spending on regulatory and compliance systems in the past two years; only 5 percent decreased and 11 percent said spending remained the same.
Cloud – When asked what infrastructure investment areas have yielded the most return on investment (ROI) in the last year, cloud computing received 45 percent of the responses, another 33 percent said low-latency trading and 23 percent said complex event processing (CEP).
“Bloomberg is expanding into enterprise technology services,” said Bloomberg President Dan Doctoroff, who gave opening remarks. “Our customers are facing increasing pressure on returns, so we are using our expertise, products and new partnerships to help them lower costs and improve their IT infrastructure’s efficiency and effectiveness.”
Shawn Edwards, Bloomberg Chief Technology Officer, said, “Technology executives are under enormous pressure to innovate and solve problems. To meet those challenges, we are providing clients with our expertise and letting them leverage the same infrastructure that powers the Bloomberg Professional service, the world’s leading platform used by more than 300,000 business and financial professionals globally.”
Speakers at the summit discussed key advancements in cloud computing, managed solutions and security during panels moderated by Bloomberg executives and staff from Bloomberg Businessweek, Bloomberg News and Bloomberg Television.
For more information on Bloomberg’s Enterprise Products & Solutions email bloombergeps@Bloomberg.net or visit http://www.bloomberg.com/enterprise/.
About Bloomberg LINK Bringing the power of Bloomberg to the executive conference business, Bloomberg LINK produces invitation-only, in-person gatherings that combine world-class editorial programming with peer-to-peer networking amongst the who’s who in influential communities. In this environment, participants engage in open discussions that lead to learning from each other’s expertise and experience. For more information, please visit www.bloomberglink.com.
About Bloomberg Bloomberg, the global business and financial information and news leader, gives influential decision makers a critical edge by connecting them to a dynamic network of information, people and ideas. The company’s strength–delivering data, news and analytics through innovative technology, quickly and accurately- -is at the core of the Bloomberg Professional service, which provides real-time financial information to more than 300,000 subscribers globally. Bloomberg’s enterprise solutions build on the company’s core strength, leveraging technology to allow customers to access, integrate, distribute and manage data and information across organizations more efficiently and effectively. Through Bloomberg Law, Bloomberg Government and Bloomberg New Energy Finance, the company provides data, news and analytics to decision makers in industries beyond finance. And Bloomberg News, delivered through the Bloomberg Professional service, television, radio, mobile, the Internet and two magazines, Bloomberg Businessweek and Bloomberg Markets, covers the world with more than 2,300 news and multimedia professionals at 146 bureaus in 72 countries. Headquartered in New York, Bloomberg employs more than 13,000 people in 185 locations around the world.
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