Unless you move to the Gobi Desert and live like a biblical hermit, you cannot avoid the word “Cloud”. Whilst we appreciate that it is overused, there just isn’t a better word in the market that describes or conveys the message any better.
Technology and innovation have always driven change, from advances in engineering leading the industrial revolution, to conflict creating innovative medical procedures. It just can’t be stopped. We have all been part of this latest change and we are all continuing to drive it.
Firms working within regulated industries, such as solicitor practices and financial services, are subject to strict regulatory standards. These standards extend across all aspects of business, including technology. Regulatory bodies, such as the Solicitors Regulation Authority and the Financial Conduct Authority, impose strict requirements around the management, processing and security of client data. Despite common misconceptions, these requirements do not preclude the use of Cloud based technologies.
In response to Brexit, we've published some update guidance for regulated business, that suppliments this article. Please see the link at the bottom of this article for more information.