According to the fifth annual State of the Cloud survey, over 90% of businesses are using cloud infrastructure to run business applications today. The type of cloud does vary with the majority of respondents using hybrid cloud environments, consisting of both public and private environments. For insurers, there are many benefits to adopting a cloud-based claim processing system, including:
- A centralized database, with anywhere access to real-time data
- Integration between various systems
- Increased efficiency of claim processing
- Greater ability to adopt new technology trends, such as analytics or mobile capability
- Flexibility to grow their product offering
- Ease of upgrades
Based on the same survey mentioned above, 32% of respondents say the number one reason they are hesitant to increase investment in cloud-based technology is the lack of expertise. Security still falls in second place, suggesting that there are still fears surrounding the security of data stored in the cloud. According to Unum CIO, Kate Miller, in recent years, there has been increased emphasis on data protection and security in the insurance industry.
If cloud storage is done right, it can be an enormous benefit to businesses. To help you evaluate the security of your data in the cloud Exigent Networks, network infrastructure specialists, has produced an infographic outlining a five-point plan that you can follow to maximize the security of the data that you store on the cloud.