In 2023, managed file transfer (MFT) played a pivotal role in ensuring seamless and secure data exchange for businesses worldwide. 

But with user behaviour, cyber risks, and company-wide infrastructures continuing to evolve, these tools must stay up to date with the latest innovations to continue providing valuable solutions that ensure secured sensitive data.

In this blog, we’re exploring the five key trends that are set to redefine the way we approach Managed File Transfer in 2024.

At a glimpse, these trends include:

  1. Continuing focus on UI
  2. A commitment to enhanced security protocols
  3. Advanced monitoring and reporting tools
  4. A greater shift to cloud-based solutions
  5. Increased threat detection and response capabilities

 Read on to learn more…

1. Continuing focus on UI

User experience (UI/UX) has become a growing focus for tools across a wide range of industries, and Managed File Transfer is no exception. 

In 2024, we expect many MFT platforms and solutions to continue enhancing their user interface, making them more intuitive, user-friendly, and accessible for those with specialised needs than ever.

The reason behind this focus is clear. Increasing the level of responsiveness, accessibility and more, this shift is driven by the recognition that streamlined interfaces instil the confidence and capabilities needed to increase productivity and reduce training overheads.

2. A commitment to enhanced security protocols

Cyber threats are continuing to evolve at a breakneck pace.

As they threaten the sensitive data of many enterprises, the importance of robust security protocols can’t be overstated. We expect 2024 to be the year that MFT tools continue implementing new and enhanced security measures. 

This may include innovations in various aspects of file-sharing security measures, such as:

  • Encryption advancements
  • Multi-factor authentication (MFA) 
  • Visibility and audit trails
  • Automated adherence with industry compliance standards

Increasing the capabilities of these tools will only serve to bolster the overall security of file-sharing platforms – increasing widespread use and user confidence in the process.

Learn more today! In a recent blog, we sat down to ask ourselves just how secure is Managed File Transfer?

3. Advanced monitoring and reporting

Real-time monitoring, and detailed reporting, are indispensable components of effective MFT solutions. They provide the visibility, traceability, and transparency needed to always ensure compliance and appropriate activity. 

Moving into 2024, we expect a surge in demand for advanced monitoring capabilities that provide granular insights into file transfers. 

This includes tracking user activities, monitoring system performance, and generating comprehensive reports for auditing purposes. IT professionals will increasingly seek MFT solutions that empower them with actionable data to optimise performance, troubleshoot issues, and ensure compliance.

4. A greater shift to cloud-based solutions

The shift towards cloud computing is an overarching trend across the IT landscape. For many years now it has transformed a multitude of sectors, ranging from collaborative working environments to data storage and analysis tools. The MFT sector is no different. 

Cloud-based MFT solutions offer a wide range of benefits for any enterprise, including unparalleled scalability, user-centric flexibility, and heightened accessibility. 

This makes them an attractive choice for any enterprise looking to introduce, or strengthen, their file-sharing processes. In the future, the adoption of cloud-based MFT solutions is expected to continue growing. For users seeking to take advantage of the cloud without a full migration, hybrid capabilities are crucial, offering seamless integration and efficient functioning across both cloud and on-premise environments. For businesses looking to streamline operations, reduce infrastructure costs, and increase collaboration, these new capabilities and more flexible models may just be the answer.

To learn more about the benefits of a cloud-based model, read our full breakdown of the benefits of cloud-based MFT platforms today.

5. Increased threat detection and response capabilities

Alongside bolstered security processes, we expect capabilities that enable a proactive approach to take centre stage in 2024. 

This proactive stance will not just minimize the impact of any security incidents, but actively thwart them in their early stages to ensure the continuous integrity of any sensitive data. At the same time, these measures will continue to automatically ensure real-time compliance. 

Find out more about how MFT solutions automate compliance in our full blog today. 

Strengthen the security of your sensitive data today

At Maytech, we’re on a mission to help you secure your sensitive data at every stage of the file-sharing journey. 

No matter the size of your enterprise, our cloud-based MFT platform, Quatrix, can provide the automated compliance needed to meet international regulations, all while ensuring that only your intended recipients can access the information in question.

Request a free consultation

Read More: 5 Secure File Transfer Standards You Must Meet to Satisfy Regulatory Compliance