The Impact Of Cloud Computing On Data Compliance

Grazed from GlobalBankingAndFinance. Author: Ron Miller.

It might have been a buzzword within the IT industry for some years now but more recently we’ve seen the mainstream appetite for – and adoption of – cloud computing rise significantly. Whether it’s public, private or hybrid services, the promise of greater flexibility, scalability and cost-effective pricing models has been too enticing for many businesses to ignore.

The flipside, however, is that as a result of the Cloud, we’re also seeing a number of companies coming under scrutiny for their data protection and compliance policies. It’s the CIOs that are leading the charge here, as they become increasingly concerned over the security of their mission-critical data. There is the perception that many ‘cloud’ vendors (and that’s including those companies that have simply rebranded an existing solution to jump on the bandwagon) are failing to provide a comprehensive view on where data is being stored and the information security management framework that’s in place…

Information, both data and intellectual property, is a greater source of competitive advantage for businesses now than it ever has been. In many sectors, this is driven by consumer expectations, where there is an assumption that systems will be able to perform at optimum levels 24/7. The rise of the ‘I want it now’ culture and increased customer promiscuity (when it comes to where they take their custom), is forcing companies to ensure that every aspect of their organisation and those of key partners perform with near perfect levels of availability…

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