Written by: David Krauss
While data security and operational risk conversations usually happen around the desk of a CCO/CSO (chief compliance and/or security officer), or perhaps the CFO, since business managers are now selecting cloud providers, they need to be able to at least ask some high-level questions on the topic of risk and compliance. While the report found that 76% of adopters were motivated to adopt cloud apps because of quick access to software, most of these managers found that after they made a purchase decision their access to exciting new capabilities in the cloud could be hindered due to performance and scalability constraints put forth by their cloud provider. If you are going to let your business consume their mission critical business applications as a service, then it’s important to understand who is providing those cloud services and what kind of performance you are going to get. Different types of departments, companies and industries will all have unique requirements so it’s key to take this also into consideration.
Nothing puts a CEO in a bad mood like a public data breach or finding out the company lost money when customers couldn’t buy a product or service because your cloud service provider had a problem. With 42% of business managers having seen a data security breach in their department associated directly with the use of cloud applications, this is happening more than you think.
We’ve talked about the importance of being able to avoid information silos through a unified cloud approach and platform. This is also important when keeping your data safe and secure, and a key conversation to have with your cloud provider. Your customers want to know that their information is protected when they do business with you, just like you want your own company information protected. This is really hard to do when each line of business is running different cloud application services managed by different cloud providers, all with different processes and controls. It only adds to the complexity, and the more complex, the more risky and the chance that something will go wrong.
What about compliance? Depending on the cloud provider, it can be difficult at best to understand who has access to your data, and were your data is actually stored. Add to this multiple cloud providers spanning multiple departments and it becomes very problematic when trying to comply with certain industry and country data security regulations. With 73% of business managers complaining that having cloud data handled externally by one or more cloud vendors makes it hard for their department to be compliant, this is a big time suck for executives and it puts the organization at risk.
Is There A Complete, Integrated, Modern Cloud Out there for Business Executives?If you are a business manager looking to drive faster innovation for your business and want a cloud application that your CIO would approve of, I would encourage you take a look at Oracle Cloud. It’s everything you want from a SaaS based application, but without compromising on functionality and other modern capabilities like embedded business intelligence, social relationship management (for your entire business), and advanced mobile. And because Oracle Cloud is built and managed by Oracle, you can be confident that your cloud application services are enterprise-grade. Over 25 Million users and 10 thousands companies around the globe rely on Oracle Cloud application services everyday – maybe your business should too. For more information, visit cloud.oracle.com.
Additional Resources • Try it: cloud.oracle.com• Learn more: http://www.oracle.com/us/corporate/features/complete-cloud/index.html• Research Report: Cloud for Business Managers: The Good, the Bad, and the Ugly
