What is a concern related to maintaining in-house data?

Maintaining in-house data presents several challenges, one of which is the high costs associated with it, alongside stringent security standards. When companies choose to manage their own data infrastructure, they must invest significantly in hardware, software, and ongoing maintenance. This includes the costs of servers, backup systems, and the technology necessary to protect sensitive information.

Furthermore, with an increase in cybersecurity threats, companies are required to develop and implement robust security measures to safeguard their data. This involves not only financial resources but also human resources in terms of hiring skilled IT professionals who can manage these systems securely and efficiently.

In contrast, increased collaboration opportunities and lower fees for data storage generally pertain to outsourcing or utilizing cloud services, which often provide more flexibility and cost-effectiveness. The idea that there would be less need for employee training is also misleading, as in-house data management usually requires continuous education and training to keep up with evolving technologies and security threats. Thus, the complexities and costs associated with in-house data management make it a significant concern for organizations that choose this route.