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.

About CloudTweaks

Established in 2009, CloudTweaks is recognized as one of the leading authorities in connected technology information and services.

We embrace and instill thought leadership insights, relevant and timely news related stories, unbiased benchmark reporting as well as offer green/cleantech learning and consultive services around the world.

Our vision is to create awareness and to help find innovative ways to connect our planet in a positive eco-friendly manner.

In the meantime, you may connect with CloudTweaks by following and sharing our resources.

View All Articles

Sorry, comments are closed for this post.

Comic
The Lighter Side Of The Cloud – Data Merge

The Lighter Side Of The Cloud – Data Merge

By Christian Mirra Please feel free to share our comics via social media networks such as Twitter, Facebook, LinkedIn, Instagram, Pinterest. Clear attribution (Twitter example: via @cloudtweaks) to our original comic sources is greatly appreciated.

The Rise Of Threat Intelligence Sharing

The Rise Of Threat Intelligence Sharing

Threat Intelligence Sharing  Security has been discussed often on CloudTweaks and for good reason. It is one of the most sought after topics of information in the technology industry.  It is virtually impossible to wake up and not read a headline that involves the words “Breached, Hacked, Compromised or Extorted (Ransomware)“. Included (below) is an…

Moving Your Email To The Cloud? Beware Of Unintentional Data Spoliation!

Moving Your Email To The Cloud? Beware Of Unintentional Data Spoliation!

Cloud Email Migration In today’s litigious society, preserving your company’s data is a must if you (and your legal team) want to avoid hefty fines for data spoliation. But what about when you move to the cloud? Of course, you’ve probably thought of this already. You’ll have a migration strategy in place and you’ll carefully…

Higher Education Institutions Increasing Cloud Use In Next 5 Years

Higher Education Institutions Increasing Cloud Use In Next 5 Years

Cloud Computing Advancing Edtech In a new research study by ResearchMoz it’s predicted that the global cloud computing market in higher education will grow steadily at a CAGR of 24.57% over the period 2016 to 2020. Making use of computing resources connected by either public or private networks provides the benefits of scalable infrastructure, greater…

Big Data and AI Hold Greatest Promise For Healthcare Technologies

Big Data and AI Hold Greatest Promise For Healthcare Technologies

Digital Healthcare Executives and Investors Addressed Opportunities and Challenges Facing the Industry New York City – September 21, 2016 – According to a survey of 122 founders, executives and investors in health-tech companies released today by Silicon Valley Bank, big data and artificial intelligence will have the greatest impact on the industry in the year ahead. Healthcare…

Having Your Cybersecurity And Eating It Too

Having Your Cybersecurity And Eating It Too

The Catch 22 The very same year Marc Andreessen famously said that software was eating the world, the Chief Information Officer of the United States was announcing a major Cloud First goal. That was 2011. Five years later, as both the private and public sectors continue to adopt cloud-based software services, we’re interested in this…

Three Tips To Simplify Governance, Risk and Compliance

Three Tips To Simplify Governance, Risk and Compliance

Governance, Risk and Compliance Businesses are under pressure to deliver against a backdrop of evolving regulations and security threats. In the face of such challenges they strive to perform better, be leaner, cut costs and be more efficient. Effective governance, risk and compliance (GRC) can help preserve the business’ corporate integrity and protect the brand,…

Adopting A Cohesive GRC Mindset For Cloud Security

Adopting A Cohesive GRC Mindset For Cloud Security

Cloud Security Mindset Businesses are becoming wise to the compelling benefits of cloud computing. When adopting cloud, they need a high level of confidence in how it will be risk-managed and controlled, to preserve the security of their information and integrity of their operations. Cloud implementation is sometimes built up over time in a business,…

The Importance of Cloud Backups: Guarding Your Data Against Hackers

The Importance of Cloud Backups: Guarding Your Data Against Hackers

The Importance of Cloud Backups Cloud platforms have become a necessary part of modern business with the benefits far outweighing the risks. However, the risks are real and account for billions of dollars in losses across the globe per year. If you’ve been hacked, you’re not alone. Here are some other companies in the past…

Digital Transformation: Not Just For Large Enterprises Anymore

Digital Transformation: Not Just For Large Enterprises Anymore

Digital Transformation Digital transformation is the acceleration of business activities, processes, and operational models to fully embrace the changes and opportunities of digital technologies. The concept is not new; we’ve been talking about it in one way or another for decades: paperless office, BYOD, user experience, consumerization of IT – all of these were stepping…

What Top SaaS Vendors Do To Ensure Successful Onboarding

What Top SaaS Vendors Do To Ensure Successful Onboarding

What Top SaaS Vendors Do I am not going to mention names in this article, but if you want to be the best, you must look at what the best do – and do it better. The importance of investing in SaaS onboarding can be easily overlooked in favor of designing efficient and powerful software…

The Future Of Cybersecurity

The Future Of Cybersecurity

The Future of Cybersecurity In 2013, President Obama issued an Executive Order to protect critical infrastructure by establishing baseline security standards. One year later, the government announced the cybersecurity framework, a voluntary how-to guide to strengthen cybersecurity and meanwhile, the Senate Intelligence Committee voted to approve the Cybersecurity Information Sharing Act (CISA), moving it one…

4 Different Types of Attacks – Understanding the “Insider Threat”

4 Different Types of Attacks – Understanding the “Insider Threat”

Understanding the “Insider Threat”  The revelations that last month’s Sony hack was likely caused by a disgruntled former employee have put a renewed spotlight on the insider threat. The insider threat first received attention after Edward Snowden began to release all sorts of confidential information regarding national security. While many called him a hero, what…

How Big Data Is Influencing Web Design

How Big Data Is Influencing Web Design

How Big Data Is Influencing Web Design For all you non-techies… You’re probably wondering what big data is (I know I was….a few years back) so let’s get the definitions out of the way so we’re on the same page, okay? Big data is A LOT of data – really, it is. It is a…

Cloud Infographic: IoT For Automotive Deconstructed

Cloud Infographic: IoT For Automotive Deconstructed

IoT For Automotive Deconstructed The IoT automotive industry is moving rapidly with many exciting growth opportunities available. We’ve written about some of the risks and benefits as well as some of the players involved. One thing for certain as that the auto industry is starting to take notice and we can expect the implementation of a…

Containerization: The Bold Face Of The Cloud In 2016

Containerization: The Bold Face Of The Cloud In 2016

Containerization And The Cloud “Right now, the biggest technology shift in the cloud is a rapid evolution from simple virtual machine (VM) hosting toward containerization’’ says the CTO of Microsoft Azure, Mark Russinovitch, a man who deals with the evolving cloud infrastructure every day. In his words, containerization is “an incredibly efficient, portable, and lightweight…