How Cyber Security Needs Are Driving Cloud Adoption
September 23, 2015
Grazed from TechWeekEurope. Author: Duncan Macrae.
Cloud computing was by all accounts inevitable – we can see its steady adoption all around us. According to Goldman Sachs spending on cloud computing infrastructure and platforms will grow at a 30 perecnt CAGR from 2013 to 2018, compared with overall enterprise IT’s five percent. It forecasts global security-as-a-service revenue will reach $106bn in 2016, growing 21 percent over 2015.
Disruption to business
Earlier this year CEO of British insurance company, Lloyd’s said that cyber-attacks cost businesses as much as $400bn a year, including the damage caused by the attack and consequent disruption to the normal course of business. CIOs and their Infrastructure Management teams have historically been concerned about security in the cloud. Lack of trust, relative lack of control, fear of not knowing where the data resides, and complex regulations in different countries have only made this more difficult…
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