SOURCE:Â Business Finance
The promise of cloud computing might seem limitless, but the challenges it presents are significant, especially in the area of information management, according to a recent study.
The applications and software tools that enable doing business in the cloud also are new places where corporate data resides and is accessed, which requires management and integration with other enterprise data stores.
These elements have created questions about data consistency, data integration, data quality and data governance, according to a study from Ventana Research, which found that users in finance and supply chain ranked lowest at 8 percent and 6 percent respectively in support of cloud-based functions. Over the next 12 months, 34 percent of businesses reported they plan to support finance with cloud-based applications.
