Cookies help us display personalized product recommendations and ensure you have great shopping experience.

By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
SmartData CollectiveSmartData Collective
  • Analytics
    AnalyticsShow More
    data analytics and truck accident claims
    How Data Analytics Reduces Truck Accidents and Speeds Up Claims
    7 Min Read
    predictive analytics for interior designers
    Interior Designers Boost Profits with Predictive Analytics
    8 Min Read
    image fx (67)
    Improving LinkedIn Ad Strategies with Data Analytics
    9 Min Read
    big data and remote work
    Data Helps Speech-Language Pathologists Deliver Better Results
    6 Min Read
    data driven insights
    How Data-Driven Insights Are Addressing Gaps in Patient Communication and Equity
    8 Min Read
  • Big Data
  • BI
  • Exclusive
  • IT
  • Marketing
  • Software
Search
© 2008-25 SmartData Collective. All Rights Reserved.
Reading: 7 Key Terms for Negotiating Your Cloud Contract
Share
Notification
Font ResizerAa
SmartData CollectiveSmartData Collective
Font ResizerAa
Search
  • About
  • Help
  • Privacy
Follow US
© 2008-23 SmartData Collective. All Rights Reserved.
SmartData Collective > Business Intelligence > Business Rules > 7 Key Terms for Negotiating Your Cloud Contract
Business IntelligenceBusiness RulesCloud Computing

7 Key Terms for Negotiating Your Cloud Contract

tomcaper
tomcaper
3 Min Read
cloud computing contract
SHARE

cloud computing contractAlthough cloud computing may be all about digitization and virtualization of your business data, the contract negotiation required for establishing a working relationship between two parties is still a completely human-based process.

cloud computing contractAlthough cloud computing may be all about digitization and virtualization of your business data, the contract negotiation required for establishing a working relationship between two parties is still a completely human-based process.

Since cloud computing is still in its early adolescence and has a long way to reach its full potential, both cloud providers and consumers are persistently striving to negotiate a mutually beneficial deal that continues to be equally rewarding for both parties involved in the long run.

Here are 7 key quintessential terms to consider while negotiating your cloud computing contract:

More Read

In Praise of Industry Models
Five Factors to Consider for Your Big Data Initiative
Can Smart Data Ensure Cybersecurity and Data Protection?
Is Artificial Intelligence Setting A New Standard For Web Design?
3 Cloud Misunderstandings That Can Hamper Migration

Finalizing Service Level Agreements – Service level agreements solidify the commitments on standards of performance and availability levels promised by the provider to the consumer on paper.

Data Availability – The best insurance cloud customers can possibly seek from providers is to ensure they make a necessary set of backups of your data in case of a system failure.

Liability of Damages due to Service Interruption – Even though a cloud service provider may be technically responsible for an interruption in service, they can bluntly refuse any monetary liability for the losses endured by their consumer due to the interruption. Hence, it is essential to clarify this clause beforehand with providers to prevent any liability arguments.

Having an Exit Strategy – Planning an effective exit strategy from your cloud service contract is always a smart move to make in order to prevent vendor lock-in. Issuing a notice of non-renewal to the provider within a particular period before expiry is an appropriate way to exit your contract without any legal hassles.

Geographic Location of Data Servers – Ensuring that data centers of your cloud service provider fall within a secure geographic location disclosed to you is an important term of negotiation for security-conscious consumers.

Grounds for Contract Termination – Service providers may terminate contracts due to non-payment, breach of user policies, or upon breach of intellectual property rights. Users usually terminate the contract due to the inefficiency of cloud services with respect to their business needs.

Data Retention Upon Contract Termination – Negotiating the terms and conditions of your business data retention upon termination of service contract is very important for legal purposes.

Research for this post was provided by Dynamics AX Houston software solution provider, Rand Group.

image via shutterstock

TAGGED:clouddata in the cloudsmart dataunstructured data
Share This Article
Facebook Pinterest LinkedIn
Share

Follow us on Facebook

Latest News

data analytics and truck accident claims
How Data Analytics Reduces Truck Accidents and Speeds Up Claims
Analytics Big Data Exclusive
predictive analytics for interior designers
Interior Designers Boost Profits with Predictive Analytics
Analytics Exclusive Predictive Analytics
big data and cybercrime
Stopping Lateral Movement in a Data-Heavy, Edge-First World
Big Data Exclusive
AI and data mining
What the Rise of AI Web Scrapers Means for Data Teams
Artificial Intelligence Big Data Exclusive

Stay Connected

1.2kFollowersLike
33.7kFollowersFollow
222FollowersPin

You Might also Like

using geographic data in analysis
Uncategorized

Using Geographic Data

8 Min Read

One Secret for Success in Cloud Computing – Fewer Choices

4 Min Read

MicroStrategy Raises the Ante on Mobile, Social and Cloud Innovation

8 Min Read

When Crisis Hits, Technology is Dumped, and Lizard Brains Take Over

4 Min Read

SmartData Collective is one of the largest & trusted community covering technical content about Big Data, BI, Cloud, Analytics, Artificial Intelligence, IoT & more.

AI chatbots
AI Chatbots Can Help Retailers Convert Live Broadcast Viewers into Sales!
Chatbots
AI and chatbots
Chatbots and SEO: How Can Chatbots Improve Your SEO Ranking?
Artificial Intelligence Chatbots Exclusive

Quick Link

  • About
  • Contact
  • Privacy
Follow US
© 2008-25 SmartData Collective. All Rights Reserved.
Go to mobile version
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?