Cloud security a big concern for firms
Grazed from BusinessTimes. Author: Amit Roy Choudhury.
RECENT data from a number of research agencies show that cloud computing has become an integral part of the IT roadmap across almost all industry verticals. A recent study by Forrester Research found that the public cloud market is expected to reach US$191 billion by 2020, up from US$58 billion in 2013. Cloud applications will likely lead this growth and is forecast to hit US$133 billion in 2020. Cloud platforms will generate US$44 billion and cloud business services will reach US$14 billion.
Despite the high mindshare, security remains a major concern for chief information officers (CIOs). There is a sense that applications and data stored in the cloud, particularly the public cloud, are not as secure as when they are stored in the company’s own servers…

