Cloud Technology Is An International Regulatory Body

1826 Words8 Pages
Introduction Cloud technology links remote computers to a network of data servers that contain user data. It serves to increase efficiency in data access, increase user convenience and lower costs. It also has created efficiencies in terms of user hardware requirements necessary to access files and programs in multiple locations. A system designed in only 2006, it has already become a $68 billion global industry, with an anticipated $17 billion per annum growth rate. With such a growth rate, cloud technology is rapidly becoming an increasingly important aspect of individual and corporate data storage. While cloud technology provides an expansive range of possibilities of use for individuals and businesses alike, it has also posed challenges for its effective governance and privacy. Although multiple scholars have proposed different governance methods, which, if implemented, would very well govern cloud-based transactions, they are extremely tough to bring into existence. The most common solution proposed seems to be an international regulatory body or an international set of laws that would effectively monitor cloud activities. This paper focuses on the issues posed during the creation and implementation of such global legislation. Then it focuses on a different method of regulation, private collective action, or regulation through a private, non-profit organization. This type of regulatory method would be technocratic in nature and nimble enough to keep up with
Open Document