In the current threat environment, businesses can't be too careful when it comes to their sensitive files. At the same time, in order for employees to complete everyday tasks, they must be able to securely send and receive documents and materials. For this reason, managed file transfer solutions have become increasingly essential in enterprise circles.
IDC found that although the MFT market isn't growing as quickly as it once was, the sector is still poised for considerable expansion through 2017. In these respects, IDC discovered that buyers are seeking solutions that boost file protection and can help with security audits. The marketplace is also seeing more deployment of cloud-based and hybrid MFT systems.
Despite this market growth, IT Business Edge noted that there are still myths that exist about the technology, including:
1) MFT only offers data movement
One consistent myth is that these solutions only offer a way to move documents and information from the sender to the receiver, and that any capabilities beyond that require a separate system. MFT platforms not only offer data movement, but provide a protected pathway for this information to travel through.
"File sharing is more than just moving data around - it's making sure that sensitive information stays secure without hindering employee productivity, and that organizations remain compliant when moving confidential files," IT Business Edge pointed out.
MFT solutions can include a number of security measures, including encryption to prevent any unauthorized viewing of protected information. In this way, MFT technology is much more than a data movement platform.
2) File transfer protocol solutions are still effective
Instead of investing in MFT systems, some companies are still using FTP-based platforms, assuming that they are just as good. This is no longer the case, as FTP and other legacy systems use outdated technology that could be putting files and sensitive information at risk.
If your company is still leveraging an FTP system for its file transfers, it's time to examine alternative options. Many of these platforms aren't able to adequately safeguard data in motion, providing the opportunity for a malicious actor to intercept files as they travel from sender to receiver. Even worse, many legacy systems are not compliant with current industry regulations. In order to avoid non-compliance consequences, your business needs a current solution that can offer all the protection needed.
3) MFT is not cost-effective
The main snag preventing organizations from upgrading to a proper MFT solution is price. Although IT decision-makers may balk at the cost of a MFT solution in comparison to their legacy system, they must factor in the productivity gains that come with newer technologies. IT Business Edge noted that MFT enables users to automate specific tasks, which can provide a considerable boost to the company's productivity levels.
In addition, MFT is much more reliable than other solutions, ensuring that capabilities are constantly available for your company's use. IT Business Edge stated that one survey found that one hour of downtime equates to $250,000 to $500,000 in losses, according to 60 percent of respondents. By partnering with a trustworthy MFT solution provider, your business need not worry about dealing with these expenses.
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