CFO: Be Clear About the Cloud

David McCann at CFO.com wrote about Cloud strategy from Finance's perspective.

Here's his advice:

1. Stay Alert - opportunities to move to the cloud will present themselves piecemeal.  In the meantime, avoid investing in too much server capacity.

2. Spread the Wealth - re-consider consolidating all your IT with one vendor while balancing interoperability issues.

3. Do a Test Run - prototype in the cloud

4. Get Ready for a Change - realign your IT skill sets with the needs of how the business is changing

5. Take Care with Contracts - who owns, uses & controls your data?  Beware costly up-charges.  Factor in costs to move applications to the cloud and don't underestimate configuration changes.  Don't ignore service level agreements.

6. Know Where your Data Is - especially understand various legal requirements for potential different jurisdictions.


Here's the full article.

Also see: Your Cloud or Mine

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