by Lisa K. Abe-Oldenburg of Bennett Jones LLP
Business leaders are under tremendous pressure to maximize the value of their company’s IT and data. Staying on top of the ever-changing technology and tools available today can be daunting and give rise to complex legal issues and risks. Done well, cloud computing has the power to transform organizations, giving businesses greater competitive advantage, increasing their bottom line and shareholder value. At the very least, the use of cloud services may provide an opportunity to reduce capital costs and conceive of IT services as a variable cost or expense, in particular for new or replacement IT functionalities. Done poorly and without proper analysis and mitigation of the risks, cloud computing can be disastrous, including data corruption or unauthorized access, violations of the law, serious harm to the organization’s reputation, and (although rare) potentially fines and imprisonment for directors and officers.
What would you do if you could implement safe and secure cloud-based computing services? By following the strategies discussed in this article