“Bring your own cloud” is coming up more and more.
I think compliance is obviously one of the reasons why. It seems logical to assert, “I’d rather have (X) running on ‘my infrastructure’ so I can control it.”
Another reason is that firms are starting to build technology platforms vs. cobbling together SaaS tools. At any size, you’ll get some value out of unifying your data together (which data to unify, what the ROI is, these questions need a lot more careful thought).
That said, having tools and capabilities run on your firm’s own infrastructure requires real work. Many firms are fully staffed to do this, and many are not. Plus, technology companies think about things like security, access control, authorization, updates, and compute resource scaling for a reason. A lot of times, it makes sense to trust them.
This is an evolving question, just like everything else. We’re building LEA for the long term so that regardless of size or in-house capabilities, you’ll still get the intelligence layer you need to serve your clients.
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