Why compliance concerns are pushing more big companies to the cloud
Cloud migration is accelerating as companies face compliance, security, and control concerns.
TechRepublic’s Karen Roby and Vineet Jain, co-founder and CEO of Egnyte, a cloud sharing company, talked about cloud adoption and why some companies are hesitant to move toward a cloud setup. The following is an edited transcript of their conversation.
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Vineet Jain: In the current climate and looking into the future, we are seeing an acceleration of workloads from on-prem(ises) infrastructure, from on-prem applications into the cloud. That trend is clearly established. I don’t think that’s going to change, it’s only accelerating.
But one of the things which might appear a little bit counterintuitive, is as the adoption curve, the classical bell curve, that you see from early adopters to mainstream before it starts flagging down, we’re seeing it’s gone past the early adopters, it’s more mainstream. But one of the interesting trends that I’m seeing is two issues are popping up.
One is why there’s an inexorable push to move the workload to the cloud, your data to the cloud, your applications to the cloud, for all the reasons why the cloud is becoming popular. Nobody wants to manage hardware, maintenance, capital efficiency, CAPEX v. OPEX transformation. But along with that, there’s literally, I would say linear, almost an exponential concern around data security, data privacy, and regulatory compliance.
Furthermore, that gets accentuated as you see the adoption being done by not the small-medium businesses, but larger and larger classes of companies, where there’s more at stake in terms of any compliance violation, whether it’s GDPR or CCPA or FINRA,…