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The Latest News from the K2 Team
Cloud Computing: Proceed With Caution
By Alan Salmon and Brian Tankersley
The technology industry is going through a disruptive change. Many futurists predict the data and applications which are now stored and run from our local computers will migrate to massive data centers connected to the internet, over the next ten years. The computer hardware used to access these server farms will not store or process data, but will instead act as a terminal into this massive network, or “cloud” of resources.
Applications and data which hosted online and rented instead of purchased are described as “Software as a Service,” or “SaaS”, and are referred to as “cloud computing”. Web and cloud-enabled applications can let you share information with a team of professionals across the globe in real time, and gives any organization world-class security. The leaders in the space include major players such as SalesForce.com, Intacct, NetSuite, Intuit’s ProLine applications, CCH’s ProSystem fx, and Thomson Reuters’ Workflow and Software Solutions product lines.
While there are many new benefits associated with this new computing module, there are also many new risks, which need to be managed and mitigated. These risks can be classified into three major categories:
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