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Risk Management in Cloud Computing

April 18, 2011

Google, Microsoft, IBM and all other known and unknown cloud providers offer today’s CIO an array of major cost saving alternatives to the traditional data center and IT department. The temptation to put things on/in the cloud and sit back can be extremely compelling. But like everything that appears too good to be true, cloud computing comes with a set of risks that CIOs and CTOs would do well to recognize before making the plunge.

Before we get into the specifics of how best to manage risk when planning to move assets to the cloud, let’s look at a few numbers to help us understand what the Joneses are doing. Is cloud computing already mainstream?

ISACA’s 2010 survey on cloud computing adoption presents some interesting findings. Forty five percent of IT professionals think the risks far outweigh the benefits and only 10 percent of those surveyed said they’d consider moving mission critical applications to the cloud. In a nutshell, ISACA’s statistics and other industry published numbers around cloud adoption indicate that cloud computing is a mainstream choice but definitely not the primary choice.

While some organizations have successfully moved part or all of their information assets into some form of cloud computing infrastructure, the large majority still haven’t done much with this choice. So we ask, is it premature for organizations to have a cloud computing strategy? Au contraire! The CIO who has not yet begun to think of a cloud strategy may soon be left behind.

Source Risk Management in Cloud Computing

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