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87% of Cos Experience Business Acceleration from Use of Cloud Services: McAFee

McAfee has recently released a special edition of its Cloud and Risk Adoption Report, focused on the business impact of cloud services and how organizations around the world are addressing security gaps to accelerate their businesses with the cloud.

Cloud services are the most significant advance in IT since the introduction of the internet, and most organizations today benefit from the collaboration, scalability and cost-effectiveness enabled by the use of cloud services.

There is an increasing amount of sensitive data stored in the cloud, organizations are also finding challenges in managing their risk, which holds back many organizations from realizing their full potential.

 

The survey result was taken from feedback of 1000 organizations worldwide who are using cloud to accelerate their business from the use of cloud. It has been found that there is a striking divide between organizations who have addressed their shared responsibility for protecting data in the cloud, and those who have not.

The report says that  organizations were over 35% more likely to launch new products, speed time to market, expansion in new markets with the cloud . This would also make  organization aware to proactively addressing security of their data in the cloud through the use of a CASB.

McAfee Cloud Adoption and Risk Report also reveals the following:

  • Most sensitive data is under the IT team’s control:  65% of enterprise data lives in collaboration and business software-as-a-service (SaaS) applications, 25% in infrastructure-as-a-service (IaaS), and only 10% in “Shadow IT” unknown to the IT department. IT teams are subscribing to these cloud applications themselves, effectively fulfilling many employee needs that were previously unmet or were met through the use of “Shadow IT”.
  • Gap between secure enablement and cloud adoption: Only 36% of organizations said they could enforce data loss prevention in the cloud, and only 33% could control the collaboration settings that determine how their data is shared. In the case of IaaS, only 26% said they could audit configuration settings, widening the gap between risky and secure cloud adoption.
  • A minority of organizations experiencing the full potential of business acceleration: Although the likelihood of launching new products, speeding time to market and expanding to new markets is higher when a CASB is part of their cloud security strategy, only one in three companies surveyed are currently using one.

“This research shines a light on organizations who are leading the charge in cloud adoption, prioritizing the security of their data as they roll out new cloud services and winning in the market because of the actions they are taking,” said Rajiv Gupta, senior vice president, Cloud Security, McAfee.

“Organizations often tell us how much faster their business moves when security is addressed in the cloud and it is exciting for us now to quantify this experience and share our data and recommendations with the rest of the market.”

(Image Courtesy: www.channelfutures.com)

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