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Cloud computing: Boon for IT value optimization or bane for risk management?

Cloud computing has taken the IT world by storm, fundamentally changing the way organizations approach IT. The cloud has brought promise of financial and business benefits including reduction in IT capital and operational expenditures. Yet, as with any new technology, cloud computing has been associated with a number of security risks.

While the cloud continues to evolve and address these security & compliance requirements, organizations are left to wonder if cloud computing is a boon for IT value optimization or bane for enterprise risk management. What should be considered, however, is that amidst the backdrop of the current security risks, there are also a number of security and risk management benefits that the cloud can offer.