Planning is key to effective cloud computing strategy
September 24, 2012
A paper released this year, “Enterprise Risk Management for Cloud Computing,” produced by Crowe Horwath L.L.P. for the Committee of Sponsoring Organizations of the Treadway Commission, stressed the importance of a well-developed plan setting out the organization’s cloud computing objectives and the specific role cloud computing will play.
“Some of the ERM prerequisites that should be factored into a quality cloud computing plan, and ultimately the cloud solution, are a strong governance model, a sound reporting structure, an accurate understanding of internal IT skills and abilities, and a defined risk appetite,” the paper said…
While it’s “not uncommon for organizations to adopt cloud computing solutions without applying a formal risk evaluation or expending any effort to adjust its ERM or governance program,” best practice is to incorporate cloud governance in the early stages of defining a cloud computing strategy, the paper said. And, for organizations that adopted cloud solutions without following ERM best practices, performing a risk assessment and establishing cloud governance remains a prudent step…
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