
Read on to learn more about the importance of cloud computing and how it benefits the risk management industry.

Read on to learn more about the importance of cloud computing and how it benefits the risk management industry.
The move towards cloud computing is exciting for many businesses. Not only are they able to realise cost savings through lesser maintenance of their own IT systems, many cloud tools enable new levels of sharing, collaboration and ease of access, which can transform the way businesses work.
However, wider adoption of cloud computing leads to increased scrutiny, both from users and regulators. The availability, integrity and confidentiality of data remains critical for any business regardless of whether it is stored on site or in the cloud. Thus prior to entering any hosting or cloud arrangement, companies should have a robust process in place to evaluate the service.
As a starting point, organisations need to determine the type of cloud service they intend to use. Services to be deployed must be rated with respect to the function and criticality of the business. Also:
As technology continues to evolve at a rapid pace, it is fundamental to stay abreast with regulatory changes that impact the use of cloud services to ensure continued compliance. Also, find a way to gain comfort that service providers continue to focus on ensuring high standards of data security, availability and integrity.
Protecht is the leading provider of Enterprise Risk Management software to Australian federal government agencies and industry. We have spent the last months enhancing our own security framework, gaining the ISO27000 certification in 2016. If you are interested in how we are using Protecht.ERM to support compliance and our security processes, contact info@protechtgroup.com
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