There are widespread myths about the risks of cloud usage, many of which are tied to common logic. If data is removed from our control and stored on a third-party server, how can we guarantee its security?
Concerns about data security are understandable for risk averse supply chain operators tasked with developing risk reduction strategies for their businesses:
- Identifying current risk levels
- Developing plans to mitigate damage
- Examining alternative vendor, transportation, or distribution channels which are more predictable
Each of these steps decreases supply chain risk and the associated costs of supply chain infrastructure.
And while it’s true every new strategy deployed in supply chain infrastructure poses new challenges, supply chain executives shouldn’t be opposed to testing new strategies; particularly those which offer better visibility, process optimization, and lower costs across the board. This bring us back to the cloud: A useful yet misunderstood aspect of supply chain IT logistics.
Cloud Adoption on the Rise
Migration to the cloud is happening in nearly every industry. According to the 2017 State of the Cloud Report, 95 percent of enterprises have a cloud-integrated business strategy, with 85 percent using multiple cloud servers. These numbers are not surprising. While the cloud as a concept is still relatively young, the technological boom which occurred after the turn of the millennium brought cloud computing to the forefront of business process optimization. Both businesses and private consumers have become well acquainted with the benefits of cloud technology.
Broadly, the cloud empowers enterprise-level businesses with always-on connectivity, continuous data backups, streamlined IT workflows, and increased opportunities to create competitive advantage from business data. But despite these benefits, there exists a pervasive myth that cloud is inherently less secure than in-house legacy systems.
The Cloud Is Secure
This perceived lack of security for cloud-based systems fails to account for one of the most basic tenets of online data protection. When it comes to cyber-attacks, the means of access is more relevant to data safety than storage location. Both cloud and on-site, legacy systems have opportunities for intrusion, but certain environments are more prone to attack than others. A Cloud Security Report by Alert Logic found that enterprise environments experienced nearly ten times reconnaissance attacks and three times more malware/botnet attacks compared to cloud environments.
These statistics speak to the underlying truth that data control and data security are not the same. Choosing to keep data stored in legacy systems instead of the cloud does not offer the protective benefits risk-averse supply chain executives believe. Data security across any platform comes down to what security features are in place to defend against the myriad attacks which may occur, and in most cases, third-party providers who employ cloud-based technology have more thorough security protocols established than those who typically use in-house systems.
Supply Chain Health through the Cloud
ChronosCloud uses enterprise-level industry best practices to ensure data remains secure in transit to the cloud and at rest, once there. We start with the same cloud services infrastructure that runs such top companies as Adobe Systems, BMW, Netflix, Johnson & Johnson and Hitachi. Then, we build in security measures such as multi-tenancy so that each customer’s information is “walled off” from other users in the cloud, and secure encryption for in-transit data. Last, ChronosCloud audits its practices through third-party security firms to ensure its methodology.
At ChronosCloud, we know supply chains. But we also know the Cloud. So, we’re able to leverage it to create a revolutionary, multi-party platform for supply chain visibility and analytics.
Change is daunting, but the rewards are enormous for being an industry leader instead of a laggard. When all of your end-to-end supply chain data is in a single place, normalized and put into context, you can be more efficient. Inventory can be reduced, logistics and transportation costs can be minimized, and the right products get to the right place for your customers—resulting in more sales.
Only a multi-party Cloud-based supply chain platform provides that level of visibility and insight. And, only ChronosCloud has the experience and expertise to help you pull your whole supply chain together.
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