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Not long ago, asset managers likely were discussing the pros and cons of using the cloud for data storage and applications. Today, however, the conversation has shifted ─ as the industry marches toward cloud-based architectures, including cloud data storage. Such a move, especially for firms with no experience in cloud environments, is complex and should not be undertaken without compelling business reasons and a solid understanding of all business and technical requirements. And the first question on many leaders' minds is: "Where do we start?"

This paper discusses the benefits of cloud data storage, the challenges firms must consider, and explores the various methods available for moving data to the cloud.

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