The promise of Cloud Computing is to free organizations from the need to buy and maintain their own hardware and software infrastructure. This simple idea incorporates a complex process that must be aligned with your corporate strategic directions, competitive landscape, and existing capabilities.
Selecting the appropriate Cloud Computing model in order to balance risks and benefits is a challenge that requires in depth analysis. New models are continuously emerging with a vareity of delivery and deployment models.
Currently, Cloud Computing spans three delivery models: Infrastructure as a Service (IaaS), Platform as a Service (PaaS), and Software as a Service (SaaS). Also, implementation of Cloud Computing spans three deployment models: Public Cloud, Private Cloud, and Hybrid Cloud.
TradeMerit helps our clients design and implement Cloud Computing strategy that ensures strong risk management with long-lasting results in a rapidly changing cloud offering. We offer a holistic Governance, Risk, and Compliance discipline and tools that promote business effectiveness and efficiency while striving for innovation, flexibility and integration with technology. In doing so, we focus on:
- Policy and organizational risks
Includes risk related to lock-in, loss of governance, compliance challenges, loss of business reputation, and cloud service termination or failure.
- Technical risks
Includes risk related to availability of service, resource exhaustion, intercepting data in transit, data transfer bottlenecks, and distributed denial of service.
- Legal risks
Includes risk related to subpoena and e-discovery, changes of jurisdiction, data privacy, and licensing.