The Cloud: Reinventing Enterprise Collaboration

Real-time collaboration “is very important for maintaining version control when many people are working on a project collectively,” says Tony Hashem, vice president of IT infrastructure and chief information security officer at Genworth Financial, a global financial services company with over $100 billion in assets.

Cloud-based collaboration helps companies to deliver products and services faster. “When you collaborate in real time you don’t have the ‘throw it over the wall and see what happens’ type of workplace situation, because you’re working together as if you were face to face,” Hashem says.

Hashem also notes the tangible benefits of cloud-based collaboration and content sharing: a reduction in travel expenses and the ability to leverage lower-cost labor markets