As more and more manufacturers implement cloud computing into operations, protecting intellectual property rights through cloud security has become crucial. According to industry expert Cindy Jutras of MintJutras, “SaaS-based applications are 22% of all manufacturing and distribution software installed today, and will grow to 45% within ten years.” Here are some specific ways that cloud computing is being used and how next gen manufacturers are using cloud security to keep their intellectual property safe.
Areas of Operations
Collaborating on product design via a cloud platform is one way that manufacturers are streamlining the process of new product development. With multiple parties having access to the same real-time data, it’s easier and more convenient to share ideas and get products to market. If there are issues along the way, they can quickly be dealt with so that the overall progress isn’t hindered. This means that goals can be reached with less difficulty than in the past and products can be launched with fewer setbacks.
Another aspect of cloud computing that’s advantageous is the Business Intelligence and analytics that most platforms offer. Whether it’s comparing actual sales versus sales quotas or tracking the various channels of a marketing campaign, manufacturers have constant access to a wealth of data. This allows executives and managers to make highly educated decisions based on concrete evidence rather than mere speculation.