A Big Bank Bets Big on Multi-Cloud

Wells Fargo has announced an ambitious digital infrastructure initiative that aims to have all of its workloads running on public clouds within the next ten years. The company plans to decommission its data centers and move services to two different public cloud providers, Microsoft Azure and Google Cloud Services. This move is part of a wider trend towards multi-cloud adoption, with 85% of US companies surveyed reporting having an active multi-cloud strategy. Financial firms have been slower to adopt multi-cloud due to security concerns and regulatory barriers, but Wells Fargo's decision to embrace the technology shows that even conservative industries are starting to recognize its benefits.