Nearly all businesses use the cloud to run workloads of some sort as a means of offloading infrastructure maintenance or increasing cost efficiency. InfoWorld has a few tips to consider when negotiating contracts for cloud based computing services.
The cloud is growing at an annual rate of 22 percent and is projected to come in at $178 billion in 2018, according to Forrester Research. There is no question: The cloud is where companies are investing heavily. One topic we rarely hear about is the legal side involving contracts with these providers. Full disclosure: I am not an attorney, but a CIO with more than 25 years of experience, and I have negotiated many contracts with in-house council and cloud providers.
When signing a cloud contract, pay particular attention to these five tenets. This is where a number of organizations miss the mark, and endure challenges walking away from cloud providers without their data and wallet intact.