There’s a movement going on and it’s shaking up the venture capital scene. It’s called the BYOD (bring your own device) movement—the use of personal computing devices (connected to a corporate network) in the workplace. Fueled by the cloud, as well as the ever-increasing abundance and availability of smart mobile devices, BYOD represents progression, technological advancement and consumerization. It benefits businesses and their employees, and is changing the way the modern office functions. But along with its advantages, there’s a downside for enterprises: network vulnerability.
When employees bring their own devices to the workplace, they also bring their own applications and cloud services, taking much of the control (as far as how/what devices and services are used) away from corporate IT. This vulnerability is exactly what startups are cashing in on, evidenced by increasing VC investment in the cloud security and management market.