With the plethora of Smartphones and tablets in the workforce, businesses need to focus more on mobile device management to cut down on the amount of data leaks that occur. According to the Tim Jennings, chief analyst of enterprise IT with Ovum, risk rises in conjunction with the amount of phones.It has been reported that companies will need to spend more money on data-loss prevention tools, which will help in improving data management solutions. For correct mobile device management approach businesses should be aware of country-specific employee data privacy and requirements for industry-specific compliance.
The other factor to be considered is the employees' preferences. However businesses should ultimately do what's best for them , which in some cases may mean enforcing strict mobile device security policies. Companies that stop employees from using their personal devices in the workplace is wasting the money. Instead they can invest in a multiplatform mobile device management solution to keep data safe and secure.

Source: http://www.centerbeam.com/news/news_categories/Businesses-should-prevent-data-leaks-with-mobile-device-management-CBOID92287271/View.aspx