There is no question that there are significant opportunities available in the cloud business. Many organizations are looking at cloud computing to increase the effectiveness of IT initiatives, reduce in-house operations cost, increase operational flexibility and generate a competitive advantage. However, like most technology changes, cloud computing presents its share of risks and challenges.

As the risks are better understood, businesses rely less on trust and put information security obligations on their cloud providers. Where security had been one of the main obstacles for cloud adoption in the past, vendors now understand the security and privacy concerns of their global customers and have adopted a business model built on enhanced security features such as encryption, and identity and access management, to name two examples. The result: cloud services are heading to the next level of maturity.

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