Company Executives Claim Security is the Biggest Deterrent to Storing Data in the Cloud, but Mass Cloud Migration Continues Globally

Business

Company Executives Claim Security is the Biggest Deterrent to Storing Data in the Cloud, but Mass Cloud Migration Continues Globally

Security is the number one concern amongst senior business execs when it pertains to shadow data adoption, yet over half of business-critical data is likely to stay there by 2019.

According to the searchings for of a new study released today, by Teradata (NYSE: TDC), the leading information and analytics company, 8 out of ten executives mention safety as a concern when keeping information in the cloud, however that has not quit a significant increase in the quantity of critical data being sent there. Expecting 2019, execs
predict that over half of IT (56%), consumer (53%), and monetary data (51%) will certainly reside in the cloud.

The research study highlights that although businesses wish to purchase cloud storage space and lots of strategy to do so over the following two years, there are real concerns regarding protection of details and information violations. A variety of key patterns were determined:

Security and lack of control are the top obstacles holding back storage of critical data in the cloud:

o 40% of respondents state basic safety is a threat, while 25% of respondents believe cloud data adoption will certainly cause even more security violations.
o A quarter of those surveyed think information cloud fostering will certainly cause lack of control.

o 52% claim executive buy-in to data in the cloud is holding them back and 22% struggle with the extra staffing needed to relocate to the cloud.

Yet cloud storage is set to rise sharply in the next two years:

o Although 58% of information from organizations surveyed currently sits in the cloud today, use of cloud will certainly increase over the following 2 years, with three in ten companies around the world anticipating a significant boost of data in the cloud by 2019.

Majority of legal data is being held back from the cloud:

o Legal data is being continued physical web servers generally, with just 27% of companies evaluated anticipating to move their lawful information to the cloud in the following two years.

Telecoms is making the biggest commitment to the cloud, with marcomms making strong moves within organizations:

o 48% of companies surveyed expect a substantial increase in their cloud storage space use by 2019.
o 48% of advertising and communications divisions within organizations surveyed will raise information kept in the cloud by 2019.

Healthcare will move its customer data to the cloud, whilst utilities will prioritize IT and R&D data:
o 59% of respondents highlighted that the healthcare industry will removal customer data to the cloud in the next 2 years.

o Utilities will certainly focus on relocate facilities (64%) and R&D/ Engineering information (52%).

Marc Clark, Director of Cloud Strategy and Deployment at Teradata "Our message to companies around the world is that the cloud is really one of one of the most protected ways of virtual storage space available. While our research finds prevalent issues, the truth is that cloud storage is proliferating, remains hugely cost-effective, and that there are ways to handle it securely.

" Cloud computer security processes must be developed to address the security regulates that the cloud provider will certainly incorporate, in order to maintain the information safety, privacy and conformity with essential regulations, along with supplying a business continuity and data backup strategy.

" By identifying the barriers within business that hinder additional fostering, along with where cloud storage is developing favorable chances, we aim to provide peace of mind that cloud storage is a secure and budget-friendly means to store company information."