As applications and services hosted in the cloud propagate, those organizations that migrate will need fewer internal technology staff but more “tech-savvy” accountants. Fewer IT support staff requires accountants to understand and manage the key aspects of protecting organizational data and delivering state-of-the-art information to management. Management accountants are best suited to fill this need.
Key points related to data governance that management accountants should prepare themselves for specifically related to migrating to the cloud are:
Key Considerations: Ensuring the cloud application access controls are robust; determining who can access data and on which device; ensuring the cloud application supports your organizational data management standards.
Key Risks: Inadequate security administration tools; limits to managing access; insufficient data standards.
A great resource to get help you start preparing yourself is, “Data Governance – Beyond the Abstract” IMA Inside Talk Webinar (Archived Webinars 2015 on LinkUp IMA).
What can you add to the discussion? What have you found as resources to share to help our colleagues prepare themselves for data governance considerations when considering or implementing cloud technologies?