In today’s competitive business environment and especially as a consequence of the disruption caused by the pandemic, companies are increasingly looking at collaboration tools such as Microsoft Teams as an enabler of frictionless business communications. These tools provide a means to maintain business operations – wherever their workforce may be located.
COVID-19 and the shift to work-from-home created a new urgency, accelerating the timeline for even wider adoption of Teams for seamless digital collaboration.
Teams delivers essential capabilities to serve an increasingly digital and remote workforce: real-time instant messaging, voice calling, video conferencing, file and screen sharing, along with fluid integration with the apps in the Microsoft Office 365 productivity suite. As the world transitions to cope with the challenges of remote working, it’s not surprising that Teams utilization has increased exponentially, with over 75 million daily active users, 1,000 per cent growth in the volume of video calls in March, and a new record of 2.7 billion meeting minutes on a single day (March 31).
While much of the surge in demand for Teams will have been attributable to companies responding to the pandemic by asking employees to work from home, it seems very likely that, even as businesses are returning to a “new normal”, we will not see a simple return to the traditional ways of working and communication. All trends indicate that collaboration tools, such as Microsoft’s productivity app, are here to stay and remain an even more predominant element of the post-COVID workplace.
At Verint’s recent online conference — Verint Virtual — we hosted a joint partner session alongside Microsoft and UBS to examine the compliance implications surrounding the increasing adoption of Microsoft Teams. As it was echoed during the expert panel discussion, Microsoft Teams has been in the vanguard of this transition, but for regulated businesses there’s a “compliance gap” to be closed before they can exploit all the communication modes available in the platform.
Many organizations, including financial services, healthcare, energy and utilities, the public sector and other industries that would benefit from this technology, are regulated in one way or another. Such external regulations, industry standards, and internal policies frequently mandate the capture, storage and monitoring of voice and electronic communications related to the conduct of their business activities.
Where this is the case, Teams calls and online meetings should be recorded automatically for subsequent processing, supervision, surveillance and retention as required by relevant corporate or regulatory policies.
As a response to this, Microsoft has recently announced the general availability of the long-awaited APIs that allow its partners, such as Verint, to provide policy-based Teams recording solutions to the market. Some of these solutions not only capture and store data for a prescribed retention period, but also provide the ability to retrieve, replay, tag, and analyze it to strengthen regulatory compliance, reduce the risk of employee conduct, and perform ongoing communication surveillance. The stringent requirements of some regulations may hinder the ability to adopt Teams without such tools in place.
So, in order to close this “compliance gap”, organizations must consider a number of potentially competing requirements:
Finding this balance between digital collaboration and regulatory compliance is a continuous challenge for many regulated organizations and, with the rise of remote working arrangements, the need to rethink collaboration compliance has never been more relevant.
As examined in our recent buyer’s guide ebook, there are essential capabilities to look for, and key questions to ask, when evaluating such solutions for a highly regulated environment.
For all the answers and a deep dive into what capabilities to consider in order for your Teams recording solution to achieve and maintain compliance, read our complimentary ebook: Compliance Recording for Microsoft Teams: A Buyer’s Guide.
This guest article was contributed by Verint. Read the orignial on verba.com.
Luware Recording combines Verint’s Recording solution with added services and support to fully cater to customers’ needs. Luware Recording runs entirely on the Microsoft Azure Cloud, operated and maintained by Luware.