OwnCloud is an in-house based solution for data synchronisation, file sharing and cloud storage. It provides a simple way to set up a Dropbox-like cloud storage system while protecting and managing sensitive data by storing it on-site.
OwnCloud can also be integrated with existing security and rights-management protocols and it can extend its functions through APIs to meet specific service requirements. It is a growing tool in the education market providing similar Dropbox functions to end users while allowing the institution to retain the data stored on-premise.
From an IT Innovation perspective, it may be something to consider in the future as an alternative to the recent investment in AppSense/Data Now.