As companies grow, they can lose control of their data, not understanding how much information they have and where it resides. In response, many middle market companies are moving data to the cloud for increased efficiency and access, but also greater security. Cloud vendors’ economy of scale enables them to implement more extensive security measures and controls that are not typically realistic for middle market companies.
“Before moving to a cloud solution, ensure that you understand the data the cloud provider is storing or accessing,” said Stasiak. “This will determine the level of security needed by the provider.”
The RSM US Middle Market Business Index data demonstrates the gradual migration of middle market data to the cloud. The survey shows that 38 percent of respondents moved data to the cloud as a result of security concerns in the last 12 months.