Workplace’s Latest White Paper Identifies Management & Oversight Best Practices for Implementing Cloud-Based Solutions
NEW YORK—April 4, 2017—Workplace has published a new white paper, “Not All Clouds are Equal—Demystifying the ‘Public vs. Private’ Debate,” to educate wealth management professionals about cloud computing, and how to identify the most secure and efficient cloud-based technology solution for their businesses.
The white paper can be downloaded from the Workplace website:
“Cloud computing has fast become the ‘new normal’ in IT, but many professionals in wealth management have only a vague idea of what ‘the cloud’ actually is, and how the cloud can be leveraged across their organizations,” said Sam Attias, Managing Director at Workplace. “The cloud can help wealth managers secure their firms’ critical information and workflows, as well as optimize business processes for servicing clients. However, in a highly regulated industry like financial services, the use of the cloud requires robust management and oversight—and not all clouds are created equal in terms of how they are managed and delivered. We drafted this white paper to help wealth managers understand what is necessary to operate in the cloud, and how to identify the right approach before making the transition.”
The white paper analyzes the potential advantages, and drawbacks, of public and private cloud platforms for wealth management firms, as well as hybrid cloud solutions that seek to combine the cost-efficiency of public clouds with the customization, and greater security and compliance controls, of private clouds. The white paper also discusses the criteria that wealth managers should use to evaluate potential cloud service providers, including:
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