Cloud computing: Benefits and risk management

Learn about the benefits and issues of cloud computing, as well as practical tips on how to manage associated risks.

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Cloud computing, using the Internet for information processing and storage, offers businesses a flexible, cost-effective way to purchase hardware, software and communications capacity.

Cloud Computing: Technology Spotlight provides an overview of the benefits, issues and risk-management strategies for companies using this increasingly popular strategy.

Key tips include:

  • determining whether to own or rent software
  • modifying in-house processes to provide a more effective interface with cloud providers
  • ensuring service providers have controls in place for data protection and disaster recovery
  • detailing the right to audit cloud providers’ security procedures in service contracts

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