Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Business

87% of ITDMs say Compliance Worries Prevent Greater Cloud Use, According to WinMagic Survey
87% of ITDMs say Compliance Worries Prevent Greater Cloud Use, According to WinMagic Survey

Published : , on

63% say the need for multiple management tools halt multi-cloud strategies.  Yet, 32% of those able to pursue a managed multi-cloud approach report cost savings. 

Guildford, U.K. – New research released today by WinMagic shows that 87% IT Decision Makers (ITDMs) limit their use of the cloud because of the complexity of managing regulatory compliance.

A quarter (24%) said, it meant as a result, they only work with a single cloud vendor in their infrastructure, rather than exploit the benefits of a multi-cloud environment, such as cost effectiveness, flexibility, reliability, security and avoiding vendor lock-in.

Hands tied by management tools

The survey, which spoke to ITDMs in Germany, India, the UK and US, also noted that 63% felt the need to use multiple infrastructure management tools was also a hugely restricting factor in their use of multiple cloud vendors.

Looking specifically at managing security compliance across the enterprise, over a quarter (28%) stated they would “not be completely confident” IT systems met all the required processes and standards if an audit was called “today”.  7% went as far as to say there was “a high risk of them failing.”

Good security compliance benefits highlighted

On the positive-side, platform-agnostic management tools that enable enterprises to implement solid security and compliance policies across on-premises and cloud providers are bringing proven benefits.  ITDMs reported a number of benefits in terms of efficiency and cost savings:

  • 63% improved the efficiency of their systems
  • 57% now had enforced compliance across the infrastructure
  • 56% say they are more secure
  • 32% have made measurable cost savings
  • 30% believe their risk exposure is lower

“The benefits of good security management tools are clear in the survey, but the pain caused by poor tools even more so, with companies restricted on their infrastructure choices and placed at greater risk of regulatory fines,” said Mark Hickman, Chief Operating Officer at WinMagic.  “But poor security compliance is so much more dangerous, putting company data at risk of data breaches, both accidental and through theft, by hackers or even employees.  WinMagicSecureDocCloudVM offers a common platform with less complexity, more flexibility and that is highly secure on the widest range of virtualised and cloud environments, freeing ITDMs to pursue a multi-cloud mixed infrastructure and all the benefits that come with it.”

Uma Rajagopal has been managing the posting of content for multiple platforms since 2021, including Global Banking & Finance Review, Asset Digest, Biz Dispatch, Blockchain Tribune, Business Express, Brands Journal, Companies Digest, Economy Standard, Entrepreneur Tribune, Finance Digest, Fintech Herald, Global Islamic Finance Magazine, International Releases, Online World News, Luxury Adviser, Palmbay Herald, Startup Observer, Technology Dispatch, Trading Herald, and Wealth Tribune. Her role ensures that content is published accurately and efficiently across these diverse publications.

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: . You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post