Every business is an information business and this is why digitization is a key corporate priority. Every enterprise exchanges massive amounts of information on a daily basis, both inside and outside of the firewall.

Security has become a top priority for the CIO with the volume, variety, and velocity of the information exchange that occurs. Security risks are intensified by globalization, a reliance on email for business collaboration, BYOD and mobile access, growing regulatory pressures, bad actors, and cloud computing.

With more than 80 percent of enterprise data residing outside of structured ERP systems, much of this information is in transit outside the business firewall.

In fact, there have been more than 600 million information breaches in the U.S. alone since 2005 (privacyrights.org) and one-third of these breaches were due to unintended disclosure,
insider fraud, or the use of mobile devices.Information Exchange and Security Issues

Poor information exchange systems and practices lead to security threats at many levels: to employees; projects; competitive advantage; national security; reputation; brand, and in some cases, to the business itself.

In view of these challenges, IT departments have a mandate to transform reactive, unsecured, and uncontrolled information exchanges into safer, more flexible, managed, and compliant processes.

CIOs need easy, integrated, and trusted solutions to support all of their business information exchanges— from vendor invoicing, payroll submissions, transfer of healthcare records, to securing corporate IP.

OpenText has responded to these customer needs with our Information Exchange Suite which is an integrated set of cloud-based messaging services that comprises Secure Email, Secure MFT (Managed File Transfer), Fax, EDI (Electronic Data Interchange) and Notifications.

Recent innovations to the newly released Information Exchange Suite include cloud-based secure messaging, large-file transfer acceleration, data leak prevention, real-time audit trail, and integration with desktop, mobile and other systems.

Each service is designed to support the business requirement for exchanging information with anyone, anywhere, and in any format, while instilling confidence that the exchange of information is accessible, efficient, and trusted. Enterprises are empowered with the infrastructure for secure and reliable exchange of information to help improve operational performance, reduce risk, and enable enterprise agility.

Imagine the productivity gains and competitive edge your organization would realize if the exchange of information could be made faster, easier and more secure!

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Mark Barrenechea

Mark J. Barrenechea is OpenText's Vice Chairman, Chief Executive Officer and Chief Technology Officer. A prominent thought leader, he has extensive experience in information technology and his vision is to enable the digital world to help transform organizations.

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