This part of the interview looks into cloud vendor ecosystem in the legal sector in terms of vendors, VARs, preference of companies in terms of vendors and pricing models, cloud based offerings pricing models. Michael also talks about the cost savings realized by legal firms deploying cloud solutions. He thinks that it is still time before many of the available cloud based offerings are mature enough use and deployment in the legal sector.
The legal industry is not immune to “resistance to change” when it comes to shaking up IT infrastructure and deploying newer, cheaper, and more efficient technologies such as cloud computing. In addition to the conservative mindset, there is no real business reason for established law firms to change their on-premise applications for cloud-based offerings. Another inhibitor is reliable access to business-critical information which firms need to have on-premise instead of virtually in the cloud
A big motivation for cloud adoption in legal industry is the speed at which cloud based offerings can be deployed. However, a big barrier to adoption is integration with existing on-premise enterprise applications. Only the peripheral user focused processes which have very basic integration requirements are the ones which have moved to the cloud from a legal industry standpoint. Michael mentions in this part of the interview that primary driver for selecting a cloud based offering at Gibbons is ‘business need and appropriate fit’ followed by usability, integration capability with existing systems, governance and security.
https://www.prismlegal.com/wordpress/?cat=6
https://en.wikipedia.org/wiki/Legal_hold
https://en.wikipedia.org/wiki/Exterro,_Inc.
https://en.wikipedia.org/wiki/Backup
https://en.wikipedia.org/wiki/Data_retention
https://en.wikipedia.org/wiki/Information_technology_security_audit
Sramana and Michael Aginsky, CTO of Gibbons P.C., discuss cloud computing adoption from legal industry perspective in the following interview. The legal industry has evolved slowly but significantly and benefitted from tremendous changes in information technology over the past decade. Despite the challenges and opportunities technology presents, law firms are actively gearing up to beat competition and get out of the old ‘relationship’ mode of doing business.
Given the huge market size predictions from Gartner, IDC and more, it is but natural that there are bound to be opportunities in cloud for entrepreneurs to come up with innovative solutions and address the market needs. In the final part of the interview, Sramana and Jose discuss entrepreneurship opportunities in the cloud. Jose highlights the fact that Cloud computing is granting small- to medium-sized businesses access to the technological resources they need to compete with the big enterprises; therefore sparking some much needed innovation. By having the same access to data centers, server farms and software platforms, cloud computing is helping to create a fair playing field.
By guest author Shaloo Shalini This part of the discussion centers around the impact of clouds on the evolution of IT in a large organization such as Novell, the need to upgrade IT skills to make services more valuable to business, private clouds and data security in the cloud.
With 35% of ISVs adopting SaaS in terms of delivery and pricing models, there are significant cost savings that are seen by large enterprises. Jose compares the savings to outsourcing and quotes Merill Lynch which mentioned approximately 2-10 times cost savings with cloud based pricing schemes. Well, not all of the enterprise workloads can move into the clouds so this is only part of IT budget for a large enterprise.