| |JULY 20179CIOReviewChoosing the right cloud service is highly dependent on the level of confidentiality required for the business· Compatibility: Enterprises should consider leverag-ing multi-cloud deployment, in view of the need to consolidate their cloud and on-premises based business functions and IT strategies. It is also important to look at investing technology that will integrate with hy-perscale players, as it potentially provide benefits such as reduced downtime and increasing the potential for new innovations.The sheer volume of enterprise data today continues to increase at a pace that makes it difficult for companies to effectively control the cost and risk of protecting that data, irrespective of its location. Recent findings from a Kantar IMRB study indicate that 86 percent of or-ganizations see their IT budget increasing over the next three years and 80 percent of businesses are willing to invest money, time and skill on cloud services. Although organizations are progressively looking for a modern business environment, they are concerned about hav-ing a proper security environment in place owing to the open nature of the internet and increasing cyber threats.Choosing the right cloud service is highly dependent on the level of confidentiality required for the business. With a private cloud, all information is safely stored within firewalls. There is absolute clarity on the location and ownership of data. On the other hand, adopting a public cloud computing solution means being dependent on a third party to response to any security needs. An increasing number of organizations are moving to the cloud today for obvious benefits such as cost savings. Given the rapid changes in the diverse technology landscape, CIOs must con-stantly re-evaluate the unique mix of on-premises, private cloud and public cloud infrastructure to meet their business needs and objectives. Moving forward, organizations should focus on data and insights, and achieving transformation through harness the power of informa-tion for value. In this digital era, organi-zations need to understand the relevance of data, policy decisions and the environ-ment the data is to be stored on. Besides the CIOs, other key decision makers such as the CFO who looks at risks related data loss/leaks or the CMO who looks at the communications of information are also critical in ensuring a smooth migra-tion to cloud, as the organizations seek to reduce costs and risks, while reaping greater efficiency. In 2017, we foresee key trends such as continued ac-celeration towards the public cloud, accelerated adop-tion of software as a service and rise of emerging tech-nologies such as software-defined storage. This implies that organizations will be increasingly on the lookout for tools that enable them to make sense of their data and extract value from it as a competitive advantage. Hence, it is no longer just sufficient to have CIOs to manage all the data. Organizations needs to appoint the right person to look into matters related to data storage and at the same time comply with the regulations. With the massive growth of data and fast-changing technolo-gies, companies at some time in point very soon, have no choice but to appoint CDOs in place.
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