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!
FacebookTwitterLinkedInGoogle+Share

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...

Popular

Top Viral Impact

Using Big Data To Make Cities Smarter

Using Big Data To Make Cities Smarter

Using Big Data To Make Cities Smarter The city of the future is impeccably documented. Sensors are used to measure air quality, traffic patterns, and crowd movement. Emerging neighborhoods are quickly recognized, public safety threats are found via social networks, and emergencies are dealt with quicklier. Crowdsourcing reduces commuting times, provides people with better transportation

Cloud Infographic: The Education Of Tomorrow

Cloud Infographic: The Education Of Tomorrow

Cloud Infographic: The Education Of Tomorrow  Online Education is a very exciting topic for many as it opens up many new doors and opportunities. We’ve touched on areas such as Massive Open Online Sources (MOOC) which provides tremendous levels of cloud based interconnectivity. We’ve taken a look into higher education,  the increased demand for online courses as well as

Cloud Infographic – The Power Of Cloud Disaster Recovery

Cloud Infographic – The Power Of Cloud Disaster Recovery

Cloud Infographic – The Power Of Cloud Disaster Recovery Preventing a Cloud Disaster is one thing. Recovering from a disaster is a whole other area of concern. Today’s infographic provided by CloudVelox outlines some best practices and safeguards in order to help your business make more informed decisions. About Latest Posts Follow Us!CloudTweaksEstablished in 2009,

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 long term with CloudTweaks – a globally recognized leader in cloud computing information – drop us an email with “tech influencer” in the subject line.

Please review the guidelines before applying.