Those in the process manufacturing industry require tight security to protect their recipes, formulas, and general secrets from getting into the hands of competitors. Having the best formula or recipe can make all the difference in an industry. In fact, the mystique of Coca-Cola’s famous secret recipe inspired an attraction back in 2011 at their corporate headquarters – a tour of their massive vault.
Obviously this is a unique situation. Today, most companies use some type of technology to keep their formulas and recipes in a database. ERP solutions provide network and software security to prevent external hacking and ensuring only the right internal associates have access. Some companies still just use a spreadsheet, which is convenient, but significantly decreases the security on your data.
One of the best security practices is to adopt a cloud platform. A recent study revealed “… that, in addition to time and cost savings, small and midsize businesses (SMBs) in the U.S. that use a cloud service gain significant security, privacy and reliability advantages compared with companies that have not adopted the cloud.”
Here are a few highlights from the study:
“The Microsoft study, which did not qualify participants by product, service or vendor, asked SMBs that have not adopted the cloud what was holding them back:
• 60% cited concerns around data security.
• 45% worried that using the cloud would result in a lack of control over their data.
• 42% doubted the reliability of the cloud.
In stark contrast, the study found that the experiences of SMBs that use cloud services contradict these concerns:
• 94% have gained security benefits they did not have with their former on-premises technology, such as up-to-date systems, up-to-date antivirus and spam email management.
• 62% have seen increased levels of privacy protection.
• 75% have experienced improved service availability.
Seventy percent of SMBs in the study said that adopting a cloud service meant they could invest money and time savings into areas such as product development and innovation, demand creation, and expansion into new markets. Half of SMBs have pursued new opportunities because of the time they saved managing security.”