Cloud computing: For firms, here is why it is a challenge to harness its potential

Grazed from FinancialExpress. Author: Anand Mehta.

The storage of data on cloud-based servers is the latest iteration in the digital revolution in India and has enabled organisations not only lower risks of loss of data but has also increased remote accessibility of such data. According to the latest IDC Asia Pacific excluding Japan (APEJ) Quarterly Server Tracker, in Q1 2017, the overall server market in India witnessed an increase of 14.2% in terms of revenue to reach $215.6 million as against $188.8 million dollars in the fourth quarter of 2016.

This growing relevance of cloud technology has, however, raised a few issues—particularly, in relation to data privacy and the implications of localisation of data. Being a rapidly and constantly evolving area, regulators globally are grappling with ensuring that legal developments are in consonance with the technological advancement and industry-specific needs. Currently, there is no specific legislation in India that regulates cloud computing...

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