Cloud computing is one of the most exciting developments in the IT world. Broadly defined as internet-based on-demand computing, the benefits of cloud computing to businesses and governments are unprecedented. The market value of cloud computing in terms of cost savings, efficiency increase for customers and market gains for cloud service are already worth billions of euro and will only continue to grow. It is therefore no surprise that the world’s largest ICT and technology companies are allocating significant resources in their cloud capabilities, investing in new and massive data centres, developing new forms of cloud services and establishing new business models. However, despite the rapid growth of cloud computing, the market remains nascent and there are still numerous technical and regulatory challenges that need to be addressed in Europe before cloud computing can develop into a fully mature market.
Fleishman-Hillard has published a paper that offers a snapshot of the regulatory challenges that face both providers and users of cloud services in Europe and that business need to be aware of as they expand into this new frontier. Click here to read our latest tech spotlight on cloud computing.