Companies Hesitate on Specialized Industry Clouds

Cloud platforms specialized for given industries are off to a slow start, with some companies saying they simply don’t need them, thanks to existing software and their own customizations.

“There hasn’t been a catalyst to say, ‘I’m gonna go with an industry-specific cloud’,” said Daniel Seay, chief information officer of Fifth Third Bank’s commercial bank division. “I can use my private cloud or I can use one of the hyperscalers along with another software firm and meet my needs in a more cost-effective, proven way at this point.” (Hyperscalers refers to the largest cloud companies, among them, AWS, Microsoft Azure and Google Cloud.)