Cloud computing, and related technologies such as big data, mobility, social, and the Internet of Things, represent a sea change in information technology which is one of the most important technologies transforming the spheres of business, society, government, and the economy.
Risk Management in the Cloud
By removing most of the initial up-front costs, the Cloud Computing allows small and medium-sized businesses (SMEs) to enter almost any sector and compete with larger rivals. More and more businesses are experiencing cloud technology as a powerhouse tool for developing new strategies and finding new customers. Are those businesses prepared to face the risks that cloud entails? Cloud Service Customers (CSCs) like SMEs still need to understand the security and risk management changes the cloud involve.
CloudWATCH2, with the D3.2 Risk Based Decision Making Mechanism For Cloud Service In The Public Sector, proposes an initial version of a risk-profiling methodology for non-expert SMEs and PAs willing to adopt cloud services.
In this section you'll find a collection of reports and papers which highlight the risks related to the cloud adoption by SMEs.
Four in five small businesses will be “fully adapted” to the cloud by 2020, according to a new forecast from software firm Intuit.
The figures, posted in a deck entitled ‘Small Business Success in the Cloud’, prognosticated that 78% of US SMEs would be au fait in six years, as opposed to the current adoption rate of 37%.
Guidelines to help business users save money and get the most out of cloud computing services are being presented to the European Commission today. Cloud computing allows individuals, businesses and the public sector to store their data and carry out data processing in remote data centres, saving on average 10-20%.
European Commission Vice-President @NeelieKroesEU said: "This is the first time cloud suppliers have agreed on common guidelines for service level agreements. I think small businesses in particular will benefit from having these guidelines at hand when searching for cloud services.”
Why small and midsize businesses should consider the cloud ?
It’s becoming increasingly clear that cloud solutions provide significant benefits to companies of all sizes, but a recent study shows that less than ten percent of organizations believe their existing IT infrastructure is fully prepared to address the proliferation of mobile devices, social media, data analytics and cloud computing.
It has been a few years now since cloud computing rose to prominence - but its disruptive impact has only just begun to be felt.
To examine the mid- to long-term impact of cloud in all its various forms, the Economist Intelligence Unit invited six experts in the field to contribute original essays explaining their predictions. Those essays are collected here in a single report, named 'The impact of cloud', and sponsored by Fujitsu.
The contributors, and the subject of their essays, are as follows:
Dr Tua Huomo, FUTURE CLOUD action line leader at EIT ICT labs, explains why cloud will force the IT industry to focus on customer value.
This paper has been produced by ENISA and is targeted to SMEs that are planning to migrate their infrastructures and data in the cloud.
Given the reduced cost and flexibility it brings, a migration to cloud computing is compelling for many SMEs. However, the survey undertaken as part of this report confirms that major concerns for SMEs migrating to the cloud include the confidentiality of their information and liability for incidents involving the infrastructure.