The Cloud Standard: Best Practices When Outsourcing a Cloud Solution

Darrell Tucker, Managing Director at Abacus Group, shares in HFM's Best Practice 2020 Special Report the best practices regarding outsourcing of a cloud solution.

Cloud IT services have become an acceptable standard in the financial services industry, and the goals for moving to the cloud are typically common across most organisations: increase operational efficiency through advanced technology and features; enhance cyber-security through the use of more robust tools, utilities and infrastructure; an enhanced ability to scale; and last, but definitely not least, manage (also read as minimise) costs associated with the overall technology implementation. Along with these objectives comes the challenge of balancing convenience with security.....

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