Companies are increasingly embracing cloud computing, storing their email, files and other electronic information in a cloud storage service provider’s data center accessible via the Internet. While cloud computing can make the IT organization’s life easier, the lack of effective information governance controls in the cloud foretell a coming crisis.
Cloud computing is the hot, new trend in IT because it reduces capital expenditures, is charged “per the drink” based on the amount of data stored and releases the IT staff from the headaches of securing and backing up data. The cloud computing market is expected to reach $150 billion by next year. There are real, measurable benefits for some organizations to move their data to the cloud.