Cloud computing has major benefits: it facilitates business growth, agility and competitive advantage through infrastructure-free IT. But along with the good come risks – particularly with data security and governance. PwC stresses the need for Cloud Sourcing – a process that stresses the care that should be taken when sourcing business services, infrastructure and applications from the cloud. Here we look at the issue in detail.
Facilitating business growth, agility and competitive advantage via infrastructure free IT.
Cloud computing is increasing its penetration into the business realm. We see leading-practice companies turning to cloud computing, recognizing that it is far more than a better IT solution; rather, they see it as a better business solution. Indeed, cloud computing addresses several critical challenges that are top-of-mind for today’s CEOs, CFOs and CIOs—particularly in light of the current economy.
However, along with these and other potential rewards, cloud computing introduces new risks—particularly around data security and governance. Significant care must be taken when sourcing business services, infrastructure and applications from the cloud—a process that PwC refers to as Cloud Sourcing.