Consumerization Is Revolutionizing “File Sync And Share” Services

Consumerization Is Revolutionizing “File Sync And Share” Services

Consumerization is revolutionizing “file sync and share” services for the highly regulated asset management industry.

The Bring Your Own Device (BYOD) movement has gained significant popularity in the corporate world and is rapidly changing how enterprises share information. Consumerization of devices in asset management – the migration of features, feel and functionality of mainstream consumer products to specialist financial services firms – is changing this industry as well. CIOs and CTOs are realizing the need to bulletproof their consumer-grade services with industrial-strength file sync and share services in order to provide secure, easy access to data and documents, anywhere, from any device.

While the BYOD model encourages innovative thinking, reduces costs and drives employee satisfaction, it also increases IT/risk considerations. According to a June 2013 study by Ponemon Institute, the greatest potential risks to regulated data within organizations are mobile devices. Employees are now storing ever-larger amounts of data on unregulated consumer devices as tablets and mobile devices increasingly replace computers.

In a Gravitas poll conducted during this past summer, 58% of CTOs and COOs said they consider information leakage, storage, regulatory compliance and control of information flow to be major concerns. The same poll revealed that 80% of the companies surveyed allow employees to use their own devices for work. This leads to major online storage security considerations which include network availability, device security, data durability, privacy and confidentiality, control and compliance.

A range of products have emerged in an attempt to address this need.  However, the proliferation of file sync and share services has complicated the selection process. Among the key questions firms need to ask file synch and share service providers are:

  1. How will the file sync and share platform integrate with my organization’s current directory?
  2. What is your data encryption philosophy and how specifically is the data encrypted?
  3. How do you manage the encryption keys?
  4. Can files be stored on-premise, in the cloud or both?
  5. How much control of the data do I have?
  6. What is your policy on new passwords and leveraging existing passwords?
  7. What are the savings in costs over time?
  8. Will file and data protection scale as workloads continue to evolve?

The next step is to consider your organization’s work style. Employees will only take advantage of the full functionality of a file sync and share service if it matches their current work environment. It is also important to implement a pilot and testing stage, so that changes can be made depending on feedback. In a world where mobile technology is ubiquitous, identifying a file sync and share service that is robust, secure and scalable is essential.

patrick-mulleveyBy Partick Mullevey,

Patrick is Executive Director of Systems Integration at Gravitas, a leading co-sourcing™ platform providing cloud technology and collaborative outsourcing for investment support and middle office services to the alternative investment industry. Gravitas recently launched Gravitas Atmosphere™, a secure private cloud-based online file sharing and storage service for file and sync collaboration in partnership with EMC Syncplicity and EMC Atmos.

Follow Us!

CloudTweaks

Established in 2009, CloudTweaks.com is recognized as one of the leading authorities in cloud computing information. Most of the excellent CloudTweaks articles are provided by our own paid writers, with a small percentage provided by guest authors from around the globe, including CEOs, CIOs, Technology bloggers and Cloud enthusiasts. Our goal is to continue to build a growing community offering the best in-depth articles, interviews, event listings, whitepapers, infographics and much more...
Follow Us!

2 Responses to Consumerization Is Revolutionizing “File Sync And Share” Services

  1. The
    selection criteria outlined Partick Mullevey is right on the mark.  At Accellion, we have been providing
    enterprise organizations and government agencies answers to those very
    questions.   In fact, Accellion was rated a Strong Positive in the
    Gartner Marketscope for Enterprise File
    Synchronization and Sharing. The
    solution integrates with an organization’s LDAP/AD,  files can stored in a
    private or public cloud, customers manage encryption keys,and using a strong Admin Interface,IT can manage password policies.  http://accellion.com

  2. Patrick, excellent article. File Sync n Share continues to be the top reason customers turn to our solution. Luckily they don’t have to think about all the 8 points you have outlined. We allow files to stay where they are.. if it is the intranet that is fine, we will securely make it available when the user needs it on the device of their choice with dynamic watermarking, full audit and 100% data loss prevention. In addition to secure viewing Armor5 solution also supports 100% cloud based editing of all msft apps without requiring a local app on the device! try it out today..

Join Our Newsletter

Receive updates each week on news, tips, events, comics and much more...

Can I Contribute To CloudTweaks?

Yes, much of our focus in 2015 will be on working with other influencers in a collaborative manner. If you're a technology influencer looking to collaborate with CloudTweaks – a globally recognized leader in cloud computing information – drop us an email with “tech influencer” in the subject line.

What is the 12/12 Program?

This program is designed to better handle the thousands of requests we receive from people looking to submit articles. The 12/12 program is the commitment of 12 articles delivered over a 12-month period.  

Wait! What if I just want to submit one article?

Our popular pay as you go sponsorship program provides the flexibility to submit as you wish and is designed for all budgets.

Contributors

Cloud Infographic – Wearable Tech And Preventative Healthcare

Cloud Infographic – Wearable Tech And Preventative Healthcare

Wearable Tech And Preventative Healthcare There are so many exciting new opportunities available to utilize wearable technology in the future.  Areas such as nanotechnology disease monitoring, crowdfunding to wearable accessories are some excellent examples of the potential. Estimates vary, but appear to suggest that the market will produce between $14-50 Billion over the next few years. Included below

Ten Tips For Successful Business Intelligence Implementation

Ten Tips For Successful Business Intelligence Implementation

Ten Tips for Successful Business Intelligence Implementation The cost of Business Intelligence (BI) software goes far beyond the purchase price. Time spent researching, implementing, and maintaining your BI investment can snowball quickly and mistakes are often expensive. Your time is valuable – save it by learning from other businesses’ experiences. We’ve compiled the top ten

Knots And Cloud Service Providers

Knots And Cloud Service Providers

How Do These Two Compare? In Boy Scouts, I learned how to tie knots. The quickest knot you can tie is the slipknot. It’s very effective for connecting one thing to another via the rope you have. It was used in setting up tents, mooring boats to docks temporarily and lifting your food up into

Big Data

To Have and Have Not: Big Data Initiatives In Developing Countries

To Have and Have Not: Big Data Initiatives In Developing Countries

Big Data Initiatives In Developing Countries The poor of the developing countries are becoming increasingly connected, to the point where they too are part of the Big Data revolution that’s happening across the globe. It didn’t come with laptops, though, as some supposed it would. Whereas it costs a fortune to connect broadband to a

Big Data In Your Garden: Initiatives For Better Understanding Nature

Big Data In Your Garden: Initiatives For Better Understanding Nature

Big Data in Your Garden Big Data and IoT initiatives are springing up all across the globe, making cities, protesters–and just about everything else–smarter. However, thus far there’s been little attention paid to the interactions between these bizarre technologies and living things other than humans. Biology, that is, human biology is one field where Big

Who Holds the Key to the City: Big Data and City Management

Who Holds the Key to the City: Big Data and City Management

Big Data and City Management Cities like New York, Madrid, and especially Rio de Janeiro are augmented with Big Data-powered initiatives that range from combating crime with predictive analytics (New York & Madrid) to providing real-time data for improved management. Although Big Data is no panacea and is mainly used in conjunction with a greater

Internet of Things

Where’s the Capital of the Internet of Things?

Where’s the Capital of the Internet of Things?

Where’s the Capital? We all know the capitals of fashion are London, New York and Paris, while the capital of film is Hollywood (or Bollywood!) – but what’s the new capital of the internet? Specifically, the internet of things? The answer – according to new research by Ozy – might surprise you. It’s not Tokyo, Seoul,

Smart Cities – How Big Data Is Changing The Power Grid

Smart Cities – How Big Data Is Changing The Power Grid

Smart Cities And Big Data As Anthony Townsend argues in his SMART CITIES, even though the communications industry has changed beyond recognition since its inception, the way we consume power has remained stubbornly anachronistic. The rules of physics are, of course, partially to blame, for making grid networks harder to decentralize, as opposed to communication

Aggregated News

Popular News Sources

New Funding For Acumatica ERP Cloud Business – $13 Million Invested

New Funding For Acumatica ERP Cloud Business – $13 Million Invested

Acumatica ERP Cloud Business Acumatica, a well known ERP cloud services company has raised over $13 millions in new funding led by Bain Capital Owned-MYOB. This is exciting news for the company and demonstrates the high level of adoption and commitment by their clients and partners. This investment validates the market acceptance of the Acumatica solution,” said

Why Microsoft CEO Satya Nadella Loves What Steve Ballmer Once Despised

Why Microsoft CEO Satya Nadella Loves What Steve Ballmer Once Despised

“I don’t want to fight old battles,” says Microsoft CEO Satya Nadella. “I want to fight new ones.” It’s Sunday evening, and Nadella is sitting in a glass-enclosed room at the back of a Japanese restaurant in San Francisco’s North Beach neighborhood, eating sushi with a few reporters. The post Why Microsoft CEO Satya Nadella Loves

Apple sales soar after record-breaking iPhone 6 and 6 Plus launch

Apple sales soar after record-breaking iPhone 6 and 6 Plus launch

The US tech giant reported a 16 per cent jump in iPhone sales between July and September, and the strongest growth in Mac computer shipments in years. Read the source article at dailymail.co.uk About Latest Posts Follow Us!CloudTweaksEstablished in 2009, CloudTweaks.com is recognized as one of the leading authorities in cloud computing information. Most of