Dive Brief:
- Capital One’s managing vice president of engineering will become the new chief technology officer for Nike, according to a Fortune report.
- Skip Potter, who spent five years at Capital One and was influential in building the company’s public cloud strategy, may look to do the same for the athletic gear and clothing company.
- Neither company commented on the report, though Fortune said its sources had confirmed the story.
Dive Insight:
Nike likely sees Potter's experience in building a public cloud plan for a major company as a strategic benefit. Though many companies employ cloud technology, organizations can struggle to establish an effective strategy that capitalizes on the technology's benefits without wasting resources.
Capital One was one of the first major financial services firms to publicize its use of shared public cloud technology for many tasks, including critical "production workloads," Capital One’s CIO Rob Alexander recently said.
Until recently, perceived security and regulatory risks have prevented financial institutions from moving to the cloud. But last month, Deutsche Bank researchers said large banks are beginning to adopt public cloud services more frequently, and adoption could grow significantly in 2017. Deutsche Bank researchers said some bank IT executives told them they could potentially increase their use of the Infrastructure as a Service model by 30% by 2019.
