Why Cloud Solutions Will Be Implemented More Often In Regulated Industries In 2016

By Mike Pagani, Senior Director of Product Marketing and Chief Evangelist, Smarsh

As we enter the New Year, everyone is looking into their crystal balls for what to expect in the year to come. To me, the future looks awfully “cloudy” for regulated industries.

So what do I mean by that? Well, in 2016, organizations in highly regulated industries will increase their use of cloud solutions to support and complement their existing technology infrastructure.

Although most chief information officers (CIOs) are clearly aware of the benefits of the cloud, companies in highly regulated industries (financial services, lending and mortgage, and public sector, etc.) have lagged behind in its adoption. That’s because highly regulated industries need to meet more stringent requirements surrounding:

• information governance
• records retention, management, and preservation requirements
• security
• privacy
• reliability and availability of information

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