Case Study: ELOANDOCS: Riding the Tide of Technology without Wiping Out Name: Srikar Chintala. Zid : Z1788560. 1. Should eLoanDocs continue with their current model of designing, building, and managing their own computer hosting infrastructure using their co-location partners? The eLoanDocs firm is currently having a model of designing, building, and managing their computer hosting infrastructure using their co-location partners. Some of their co-location partners include; the branches in Seattle and Cleveland which help in the ensuring that the business for this enterprise is successful. The eLoanDocs company should continue with their model because it does not face stiff competition it only needs to advance by integrating with the …show more content…
Security is another considered factor because customers want a secured cloud hosting. Scalability should be factored whereby the hosting should allow scalability on demand. Reliability whereby the cloud hosting to be selected should be reliable in case of power losses and outbreaks data can be retained to avoid losses. 4. Will eLoanDocs’ customers—with their focus on data security—accept a cloud-based solution? If so, to what degree? And how many customers would accept some form of cloud-based solution? Many of the eLoanDocs ' clients have their focus on security and more especially the financial institutions and big companies like Apple. They will accept the cloud-based solution because in some of the solutions there is an enhanced scalability, for instance, it allows for data to be stored based on the demand and the data size. However, there is a limit on acceptance based on the security level of their information with them wanting the software that will promote a 100% security. Some of the customers such as financial institutions and small organizations will accept the cloud-based solutions, unlike the larger companies. 5. If customers do accept one of the cost-saving cloud services solutions, what barriers exist to prevent new competitors from rapidly entering the market and eroding eLoanDocs’ market share? When clients accept one of the cost-saving
1. Description of the service-summary The service that we are going to research and try to incorporate into the organization is cloud infrastructure as a service. We are planning to provide the end user with a well maintained network storage that would be easily accessible from any location while maintaining a secured connection and redundancy of the client data. With the changes in technology and advancements in cloud services, we should be able to save some money for the organization by going to cloud infrastructure services and limiting the maintenance and hardware cost of housing our own servers.We currently house 44+ servers in our service area, most of the servers are being used to less than 30% of capacity while others are reaching a peak 80-90% capacity. The servers house the client’s p: drive (personal data) as well as
Over 50% of documents and data of the mortgage companies went through eLoanDocs’ systems. eLoanDocs yearly vendor expenses for data center hosting, data networks, computer hardware maintenance, and software support subscription were near $2 million dollars. With fewer than 50 employees and under $15 million in annual revenue, eLoanDocs had to find a way to support the massive services they provide for the mortgage industry.
After reading many articles about Cloud Computing I saw the bright future for these types of cloud services. Aside from educating myself on this topic I feel that this could be beneficial to my fellow Computer Technology peers to address their client or employers cloud needs as well as people who are going to start a business and are looking at the options available to address their companies demands.
Majority of organizations migrate to cloud because it is very easy to deploy, cost efficient and readily available throughout an entity. It may result in cloud environments being applied with low involvement or minimal control by entity's IT department and thus may
Enterprises around the world would be wise to heed 50 Cent’s mantra ”Get Rich or Die Tryin’” when considering the implications of not “getting” to the public cloud. We at Cocolevio, an implementation partner of Mooor Insights & Strategy, estimate that over 50% of IT spend will be going to public cloud vendors such as Amazon Web Services or SaaS vendors like Salesforce.com Inc. by 2019. This means there is around a $140B opportunity in this space. The cost savings, reduction in capital spending, speed to market, flexibility and global access derived from public cloud mean those enterprises that effectively use the public cloud are better positioned to “Get Rich” than their competitors who have higher cost structures and less nimble IT platforms. This trend is only set to continue as the business case for moving to public cloud only becomes more compelling, with the traditional arguments against public cloud around security and lack of control diminishing. Vendor lock-in will continue to be a concern but we see many companies willing to sacrifice a bit of lock-in for the many, many benefits of public cloud.
I would not advise moving to a cloud computing system. This is mostly due to the reliability risks described above. If cloud computing were used, I would recommend data be backed up in-case of server failure or internet connection
It was clear that as technology was changing businesses also had to adapt. The company’s Chief Technology Officer considered the “the cloud” as a new system. He considered this system since it would be efficient and affordable in comparison to the industries prior one. It was at this time where eLoansDocs had become the pioneer in its industry. The company decided to differentiate themselves to other competitors in its market and raise its market share. The company was growing at a fast rate. A few years had gone by and the company began working with a few of the top mortgage lenders in the country. About half of the documents for mortgages had circulated through eLoanDocs and with only 50 employees the company contributed a great amount to its industry; while only generating less than 15 million dollars.
In statement, Alijabre writes “Cloud Computing can help business shift their focus to developing god business applications that will bring true business value.” To prove his point Alijabre, uses statistical data gathered from one of big leading providers in Cloud Services. “Although cloud computing has been recognized as a way to improve business, not all businesses are the same. So, is cloud computing for all businesses or is it more beneficial for a certain type of business with certain infrastructure already in place?” To make his argument, Alijabre uses Amazon Cloud Service to give us a better idea the use of cloud computing in business, and what can they do to improve it. Amazon has been one of the best providers of cloud services to individuals or to small businesses. “Also, it has more than 79 million active customer accounts around the world, along with around one and a half million active seller accounts.” Undoubtedly, Amazon is the leading source in providing cloud services. Amazon makes it easier for the consumers to access their data online, only thing needed
When user has to use more than one infrastructure user need to pay more money for each cloud to use the facilities which makes the application expensive. [3]
Cloud computing has set a trend in the information technology arena that has sparked the interest of all who utilize the internet on purpose and unsuspectingly. Initially, the primary purpose of cloud computing was to provide a centralized data bank that organizations could use for quick data access. Its use has been quickly adapted, however, beyond business use to become the first option for personal use. The advantages and disadvantages of implementing such a shift from business to personal are varied, yet, statistically, according to the CISCO Global Cloud Index: Forecast and Methodology, 2014-2019 White Paper, its public use is on the rise. The report notes that “by 2019, 56 percent of the cloud workloads will be in public cloud data centers, up from 30 percent in 2014 and by 2019, 44 percent of the cloud workloads will be in private cloud data centers, down from 70 percent in 2014”. Though disadvantages with regard to data security is prominent, users have deemed that its implementation will still promote greater benefits than loss.
According to Amazon’s Web Service website, it gives users the option to run just about everything using their service applications. By incorporating cloud computing, users are able to cut variable costs to a more attractive scale for the business by eliminating costly administrative and hardware fees. Due to remote access, Ericsson was able to immediately take advantage of AWS’s benefits since the infrastructure was already up and running. Demands change quickly and it’s important for a company to be able to adjust accordingly. By using the cloud system, Ericsson was able to employ
This research paper tackles the issues that faces Cloud Computing today and gives the experts and industry’s point of view on the matter. The aspects explored are the significant industry questions that have risen about the use of Cloud Computing, business value, organization impact, adaptability, limitations, initial cost of implementation, and the severe business security risks
Those three points are quite evident, so why do businesses still settle for private cloud infrastructure? There are many
There are a multitude of benefits in the utilization of cloud computing. A primary function of cloud computing is the availability of universal access to files throughout any given level of an organization. As documents and other database driven information are stored off-site, there is often a reduction of costs, due to the minimization of on site hosting software and hardware alike. The many reasons to utilize cloud computing are evident, however, as all other technological advantages, there are also a large variety of companies that offer these services with different benefits, costs and application choices. Some of the most recognized corporations offer cloud computing such as icloud, Google Apps, Amazon Cloud Drive, and many others. All organizations offer
Technological giants like Microsoft, Amazon and SAP are frontrunners in terms of pushing for the implementation of the incorporation of cloud services primarily because they have stakes in the technological innovation. However, that fact aside the possibilities that cloud computing could add to a business are significant and very rational. The