In its report Accounting for the Cloud the Chartered Institute of Public Finance and Accountancy (CIPFA) says that concerns over cloud security may be slowing the take up of cloud services.
It notes concerns about using the cloud usually revolve around security of data and a perceived reduction in ‘control’ of IT systems. However, it goes on to say that most informed commentators now consider cloud services to be more secure than traditional data centres as the big cloud suppliers can afford to invest in world class security and recovery systems that are beyond the budgets of local data centres.
The report has been developed by CIPFA to explain the advantages that cloud computing offers government and public sector, and the options for taking it forward, from a finance perspective. It highlights the challenges for finance teams in terms of understanding opportunities and playing their full part in developing the business case, financing, procuring and getting the best from suppliers. It provides a mix of ‘how to’ information, informed comments based on experience, and signposts to further information.
It is written in a style that means even your Finance Team will be able to understand some of the nuances of cloud procurement and migration – you might want to share it with them.