The use of public and private automated, shared IT platforms, otherwise known as cloud computing, is increasing dramatically. The supply chain industry is no exception. The use of cloud computing has many benefits including remote access to your own files, the ability to share information with associates over long distances to collaborate on projects, and it stores these files with unlimited space for free or relatively inexpensively.
However, these benefits do not come without risks. Supply chains should be aware of risks of account hacking and confidential data stolen about your company and clients. Where is the balance between the flexibility of the cloud and chancing the security of your business information?
McKinsey Quarterly discusses the pros and cons of cloud computing within the business sector and which approach works best for your business at the button below.
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