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Cloud and governance: are we at a crossroads?

From TechRepublic

"Enterprises want governance in the cloud in order to maintain control and assure stakeholders and regulators they can manage mission-critical systems that have grown increasingly complex and integrated.

In a supply chain cloud solution, this translates into having secure communications with trusted suppliers, and being able to sleep at night because you know the intellectual property tied up in your product designs is in a safe place. In banking back-office operations, this means that monetary transactions, transaction reconciliation reports, and reports on portfolio holdings and other areas reported to regulators are dependably processed by the cloud provider (ie, if back-office processing is being done in the cloud).

But then there is the other end of the cloud spectrum – the one that presents cloud as a commodity service that can be subscribed to and de-subscribed at will, and that carries bargain-level price points that make it difficult for business users to say ‘no’ to the service. The trade-off in many cases is that you get the service inexpensively, but you shouldn't necessarily depend upon it to meet your full governance needs.”

Read more at TechRepublic


NCC Weekly News Update 3 March 2014

 

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