Executive summary Cloud computing is the new megatrend that is becoming one of the fundamental building blocks within companies. The main purpose of it is to enhance productivity at a lower cost of operations and allowing companies to concentrate on their core business competence rather than infrastructure issues. This paper illustrates the advantages such as economic benefits of Cloud computing as well as disadvantages of it, which are security and privacy concerns. It also provides a detailed explanation on how I see the future of Cloud computing within My & Say Accounting CPA firm. Advantages What is Cloud computing in general? It basically is an assembly of computing software and services that can be accessed through the Internet …show more content…
As I mentioned earlier, Cloud computing can be beneficial for all types of companies both small and large businesses. Small and medium-sized businesses do not have the same budget to spend on IT departments as large enterprises and so Cloud computing can enable them to invest in IT and expand with no upfront costs. At the same time, large firms can also benefit from the advantages that Cloud computing can offer, such as reduced capital costs, enhanced productivity and optimal performance. Cloud computing enables large corporations expand their brand visibility and increase functionality. The business world has gone mobile, and that trend will only continue as more and more people work remotely. Being able to access the services anytime from anywhere and anytime can accelerate mobility and efficiency. And lastly, cloud computing allows companies to focus their technology personnel on more strategic and profitable activities because Cloud providers are the ones who are responsible for updating and managing applications. Disadvantages As I mentioned above, cloud computing is relatively new, and like any other new technology, it brings with it exposure and risks. As more and more data is migrated online, concerns are beginning to grow about just how safe it is. Indeed, because every component in Cloud computing is potentially accessible from the Internet, security in the Cloud
As previously mentioned, cloud computing has recently emerged as a pioneering model for hosting and distributing services over the Internet. Actually, the model entails sharing resources on a huge scale through a value effective and location independent process. While the resources on the cloud are deployed by the seller, they are utilized by the consumer (Belamkar, 2014). Cloud computing is very beneficial to organizations and companies because it is engaging to business organizations
This creates a workforce that is able to work more; therefore, cloud-based computing will raise your company's productivity. This is a common experience that business owners realize from migrating to cloud computing. Your employees can work from home when it is needed. They can also work on the road when visiting other customers or other business necessities you may have that require travel. Your employees will also be better able to interact. This helps with collaboration on projects, and it has the potential to speed up the time you can bring new product designs to the market.
All types of business models can find benefits from cloud computing infrastructure. As for example cost and flexibility from small business viewpoint whereas total IT problems can be solved for large companies. It will add advantages for companies, their employees, consumers, distributor where the overall business solution can be provided.
There are several advantages of using Cloud Computing, for example: “To begin, businesses can have lower cost computers for users.” Alijabre explains that cloud computing can be very beneficial for the businesses. Moreover, businesses will bring great amount of profit into their company, and it will be easy to use it. Alijabres goes on to provide several examples why cloud computing is better. One of of the most important reason why companies are moving towards cloud computing is the lower cost of the system. “To begin, businesses can have lower cost computers for users.” He explains that small business will not need computers that are high performance based. Business can get less expensive computers and store all of their data online instantly, without having them to worry about the space in a
Cloud computing offer services that are available wherever the end user might be located. Telecommuting is becoming a popular option that employers are offering and cloud computing makes it an even better idea to implement knowing that the data is stored in a secure location. No matter where you are in the world, you can access your cloud based applications. This is also another way for businesses to save money in their budget as not all the employees are required to be in the office, so they do not need as much space or such a large building to accommodate all their employees. This allows businesses to save on rent, utility bills and office equipment.
Cloud computing is a new technology that comes with both benefits and drawbacks and like any new tech it can be used to great success when paired with steps to mitigate the security issues it raises. Cloud computing has become somewhat of an ambiguous term often having different meaning for different people. An article in InfoWorld (2013) stated, ”Cloud computing comes into focus only when you think about what IT always needs: a way to increase capacity or add capabilities on the fly without investing in new infrastructure, training new personnel, or licensing new software. Cloud computing encompasses any
Cloud computing is provided by an outside organization; it takes the place of an existing system, usually an internal network, and moves it to a web based service where all information in the company will be processed and stored. Internal IT infrastructures can be costly due to maintenance and personnel. Cloud computing reduces costs by removing the need for an internal system and the people to run it.
Cloud Computing allows the company to set up what is essentially a virtual office to give you the flexibility of connecting to the company anywhere, anytime. With the growing number of web-enabled devices used in today's business environment, access to company data is even easier. There are many benefits to moving Cameron's Coffee to the cloud.
Cloud computing is an internet based computing which provides various applications and services like storage, servers, infrastructure, networking with low cost, on-demand self service, pay as you go model, location independent resource pooling, reasonable price , rapid elasticity etc. Cloud computing is one way to increase the capacity add capabilities without investing in new infrastructures like computer hardware involves storage memory, licensing for new software, training for a person and in a dynamic way.
Cloud computing is the practice of using a network of remote servers hosted on the Internet to store, manage, and process data, rather than a local server or a personal computer” (MultiTrends Inc, 2015). What does this mean for businesses, both big and small? Could this change the way businesses store data, and information? Will it be cost reducing, efficient and scalable? I have found the solution to these questions and many more while researching the “Cloud” for this paper. Before this project, I had little-to-no idea what cloud computing was all about, nor did I ever imagine it would be such an asset in the business world.
The most obvious cloud computing benefit for any business is significant IT cost savings. With cloud computing the provider takes charge of the IT infrastructure operational costs and management (power, administration costs, etc.), lowering the companies expenses immediately which results
Though the actual history of cloud computing is not that old (the first business and consumer cloud computing services websites – salesforce.com and Google, were launched in 1999), the story of cloud computing is intertwined directly with the creation of the Internet and business, the answer to the unsolved question of how internet utilization can help improve business technology was and is cloud computation. Business technology history is both extensive and interesting, almost as extensive as business itself, but the invention of computers are most responsible for the influence on business technology. Cloud computing, like all other innovation was nurtured in the right environment to take off, as multi-tenant architectures, highly
Firstly, it is necessary to clearly explain the definition of cloud computing. Cloud computing is a delivery service model with five essential characteristics of cloud computing which includes: on-demand self service, broad network access, resource pooling, rapid elasticity and measured service. It is also a general term for anything that includes conveying facilitated administrations over the Internet.
Businesses, be it small-scale or large-scale, use cloud computing for the storage of data since it is cheaper than buying hardware and software separately.
Cloud computing is one of the recent, biggest innovation in Information Technology. Cloud services benefits are: