Cloud Computing: The Risks to the Retail and Hospitality Industries
Cloud computing provides companies with the flexibility, efficiency, cost savings and adaptability to improve their competitiveness in today's global marketplace. The buzz around cloud computing continues to grow, but not all industries have embraced the technology with the same level of enthusiasm. For example, large multinational retail and hospitality companies are always looking to improve service capabilities and cut expenses, but as a whole they have been hesitant to jump on the cloud bandwagon.
Although the benefits of cloud technology are apparent, these companies are far too familiar with high profile data security breaches and widely consider cloud solutions as not being mature enough for the market as of yet. They have an overall level of trepidation as to whether the cloud can provide a secure and reliable platform for facilitating PCI-compliant transactions. However, the lure of reducing costs, improving efficiency and moving away from outdated legacy applications are proving hard to ignore as companies begin to explore the opportunities that exist in the "cloud."
This report examines both the benefits and the risks of cloud computing for companies in the retail and hospitality industries and offers practical insights into how they can take advantage of the cloud while assuring data security and PCI compliance.
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