Issue link: https://epubs.iltanet.org/i/50188
"Cloud vendors will enhance their software to add additional optional safeguards like encryption." • Faster Implementations: Usually delivered with no client software to install or configure, implementations are often faster than with traditional applications. • Simpler Updates: Again, with no on-premises software for organizations to maintain, and a multitenant architecture, it's much easier for the vendor to push out updates more efficiently and with minimal disruption. • Easier Administration: The remote nature of the solution means no investment in servers or server administration and maintenance. • Broad Accessibility: Particularly relevant as mobile devices like tablets continue to proliferate, 20 Tech Potpourri ILTA White Paper cloud services commonly enable access using any compatible, Internet-enabled device. LOOKING AT CLOUDS FROM BOTH SIDES NOW But there are always trade-offs. In the case of cloud software, two areas posing new challenges for firms relate to risk management and integration. For risk issues, the storage of sensitive client and firm information outside the direct control of the firm poses new burdens. Care must be taken to evaluate the vendor's security measures. Moreover, if a vendor is located in a different geography, roadblocks could arise in terms of compliance with local laws and regulations. For example, several London-based firms have expressed concerns about storing information with