The survey, in its 5th year, provides insights into global attitudes and trends related to the cloud computing marketplace. Respondents represent a broad global geographic distribution of individuals in legal, technology and procurement roles, across a large cross-section of industries.

Growth in the use of cloud computing has been a consistent trend year after year, and this year was no exception. Additional findings from the report include:

  • Rise in monetization of data continues - Twenty percent of respondents have explicit data monetization businesses and an additional twenty percent are considering entering into that business.
  • Data security is top of mind - The majority of respondents indicate a renewed focus on data security. Although has been a focus in past years, this year there is renewed attention on this issue.
  • Contracting terms steady - Continued convergence in contracting terms, which is consistent with our last survey, including convergence on liability limitations, indemnities and damage disclaimers.

"Year after year, we are seeing that the digitization of business processes continues to rise, and although this is a well-accepted reality, there is no correlated rise in confidence that data is secure." said Peter George, Partner at Baker McKenzie and contributor to the survey analysis.

"Regulators around the world have heard the message that individuals are concerned with the security of their personal data." said Brian Hengesbaugh, Chair of Baker McKenzie's Global Data Privacy and Security Group. "Data privacy and security regulators are becoming more aggressive and tougher on businesses with poor data protection practices, and are aligning themselves with counterparts around the globe."

You can download a copy of the report here.