Data security is a major concern when deciding whether to migrate applications to the cloud and consolidate IT resources. Verizon’s Data Breach Investigations Report 2021 » determined that, for the first time, cloud security breaches surpassed on-premises breaches. So, transitioning to the cloud will raise anxiety for any company working with strictly confidential information, such as patient data, intellectual assets, product design and R&D, etc.
In a public cloud, you hand over control of your data to a third party, introducing more access points and potential network weaknesses. Additionally, your data is usually stored in close proximity to other companies’ data, creating a more alluring target for hackers. However, focus on data protection and new cybersecurity solutions are helping to ensure greater safety for customer data. At the same time, one of the primary security risks is human error, which affects both on-premises and cloud solutions to the same extent.
Whether you’re contemplating a traditional on-premise solution, or you want to take advantage of the cloud, it is important to investigate beneath the vendor’s marketing material. Promises of adaptations and customizable templates may mean little more that choosing between a selection of colors and layouts. Key functions and features available today may be top of mind when comparing different vendors but you also need to be able to visualize your future needs. Otherwise, you risk ending up with a rigid solution that doesn’t support your growth and changing business requirements.
In regulated industries, such as life science, a compliance perspective needs to be central when assessing the various vendor models. An understanding of the system landscape and vendor supply chain (Infrastructure as a Service, Platform as a Service, Software as a Service) is essential, together with 3rd party vendor control, quality system usage and lifecycle control.
There is no ‘one size fits all’ solution. Your choice should be strategic, based on the characteristics of your business and your organization’s digital transformation journey. In this regard, every company is unique. It’s not just about transforming paper into electronic documents that can be accessed from home. It’s about reimagining business processes throughout your entire organization and embodying a new mindset for a digital world.