Investment in cloud data management solutions is at an all-time high, as more organizations switch from on-premises solutions to public, hybrid, or private cloud services. However, there are still quite a lot of businesses which, having switched to cloud, have not made the necessary adjustments to data risk controls and management policies.
Data management trade association EDM Council has published its first annual Global Cloud Data Management Benchmark Report, in which the association discusses best practices and standards for data management and looks at how many organizations around the world are following them.
Almost all of the respondents to the survey said that they were engaged in cloud implementation, although most of them were at the conceptual or developmental stage, indicating that we may be a few years off cloud integration actually being achieved by most businesses. Only seven percent of respondents said they had achieved their cloud implementation, and a further two percent said they had “enhanced” it.
There were similar insights on data ownership, and automated data sourcing and consumption, with a majority of respondents in the conceptual or developmental stage. Even though over 20 percent had defined the ways in which they could achieve this goal, less than 15 percent had achieved or enhanced this.
“Cloud adoption requires comprehensive data management capabilities, including data risk controls and automation, to ensure that data is protected and controlled to meet regulatory requirements across jurisdictions,” said Diana Ascher, EDM Council’s Head of Research, in a statement released with the report. “The report outlines where greater attention should be directed to ensure data assets are central to planning and executing trusted cloud strategies.”
On data sovereignty, over 20 percent of respondents had not even thought of this as a necessary requirement for cloud implementation. This is despite the European Union and other regions bringing data sovereignty into law, with fines for companies which aren’t compliant. Only 12 percent of respondents have achieved a good compliance level in regards to data sovereignty.
Similar outcomes are found in most of the other survey questions in the report, with the vast majority of respondents either in the discovery or development stage.