Cloud Computing Technology : An Innovative Business Model For Companies

Cloud computing is an emerging technology. With its huge demand, it is rapidly growing. Cloud computing is defined as "a type of Internet-based computing", where different services such as servers, storage and applications are delivered to an organization’s technological infrastructure through the Internet.

However, research focusing on the adoption of cloud computing technology and its impact on business operation is limited. This trend may be explained by cloud computing being a relatively new field. Available research on the structures, processes, security measures surrounding the cloud services are still at an early stage.

In 2013, the European Commission (EC) fined Microsoft $732 million for this anticompetitive behavior (Kanter, 2013). Although the fine was for anti-competitive behavior

Modern cloud computing is a delivery system for computing services either for free, or on a pay-as-you-go basis. In this system, users utilize the Internet and remote data centers to run applications and store data. Cloud technology can allow more efficient computing by removing most of the upfront costs of setting up an IT infrastructure. It also allows organizations to expand or reduce their computing facilities very quickly. Increasingly, cloud computing is perceived as a big step toward the long-held dream of computing as a managed utility similar to cable TV or electricity.(Buyya et al, 2010) Cloud computing can be defined by certain criteria. These features are what make cloud computing an attractive option for modern organizations.

Qasim et al., (2014) the authors of the article “Cloud Computing Risks & Business Adoption” researched cloud computing and adoption. The authors discussed the lurking dangers hiding in cloud computing against businesses. The articles talks about the benefits and the risks that exist and the fact the new technology has the ability to force change on how things are done in the business environment (Qasim et al., 2014). The authors confirmed businesses should not easily rush to trust cloud computing with critical data (Qasim et al., 2014).

Whether it’s called Cloud Computing or On-demand Computing, Software as a Service, or the Internet as Platform, the common element is a shift in the geography of computation. When you create a spreadsheet with the Google Docs service, major components of the software reside on unseen computers, whereabouts unknown, possibly scattered across continents. This affects all levels of the computational ecosystem, from casual user to software developer, IT manager, even hardware manufacturer. Recently, a lot of vendors have started talking about “cloud computing” in their marketing materials. Citing a research published by Merrill Lynch entitled “The Cloud Wars: $100+ billion at stake,” Merrill Lynch has estimated a $160- billion addressable market opportunity, including $95- billion in business and productivity applications, and another $65-billion in online advertising for Cloud Computing. But the main question is whether the users are ready to give up using services on their local machines and shift to the Cloud since shifting to cloud computing has both advantages and disadvantages for all possible users; nevertheless, they may have different level of importance for different users

The introduction of cloud computing infrastructure has brought in many changes to the infrastructure of any IT organization. Cloud computing has become the latest and most advanced infrastructure service to date. More and more companies are migrating to cloud computing service as days go, as they provide more flexibility and scalability and user friendliness in many aspects of an IT infrastructure.

Cloud computing is moving into the mainstream. Moving to the cloud might be a viable option for some consumers. However, there are many facets to consider before moving to the cloud. There are four types of clouds, public, private, community, and hybrid. All four cloud arrangements have pros and cons, and they need to be weighed before a decision is made. Two main challenges of clouds are security and privacy. These two main issues must be addressed prior to choosing a cloud service. As a consumer, you make the choice for how stringent your security and privacy are to your stakeholders.

Cloud computing is a novel tool that provides an opportunity for large or small business owners based on an entirely new business model. The term cloud computing itself is a familiar term, however, the specific meaning can be difficult to define. This paper discusses several facets of cloud computing topics to include cloud benefits, characteristics, as well as service models.

Cloud computing is an emergent computing paradigm that has the potential to make ‘computing as a utility’ a reality in the near future (Buyya et al., 2009). These days many organizations have adopted cloud computing or in the process of

Cloud computing comes in three distinct implementations or models, each with its own pros and cons. The advantage is that each can be tailored to meet a specific need. The three different implementations are Infrastructure as a Service (IaaS), Platform as a Service (PaaS) and Software as a Service (SaaS). In IaaS, an organization uses the cloud to provide virtual resources, such as storage space for data or online databases. Amazon’s Simple Storage Service (S3) is an example of IaaS, with customers utilizing the S3 cloud to store information. PaaS implementations run on top of IaaS, giving the organization flexibility to implement customized applications, such as specific portions of Google apps. Finally, SaaS is the transition to almost all operations to the cloud. In SaaS, a small blade system is used to connect to the cloud through an Internet connection where all the software and major computing power is stored. Instead of having an OS installed on each desktop system, the OS and everything else needed is stored on the cloud servers and accessed through a web browser or custom plug-in. (Neamtiu & Dumitras, 2011)

Recently, Cloud technology has turn out to be a huge buzzword, and with good reason. The cloud already creates remarkable value for clients and businesses by making the digital world simpler, faster, more powerful, and more efficient. In addition to bringing valued Internet-based services and applications, the cloud can provide a more

Today’s world of cloud computing is complex. The majority of users have moved beyond initial cloud adoption into a multi-cloud environment. In fact, a recent survey conducted by Ostrato found that almost two out of three (65%) businesses report implementing more than one cloud service in their IT departments. Of these respondents, 88% are planning on increasing their usage of cloud services during the next twelve months.

Cloud computing is an expansive scale disseminated computing worldview driven by economies of scale, in which a pool of disconnected, virtualized, powerfully adaptable, exceptionally accessible, and configurable and reconfigurable computing resources can be immediately provisioned and released with irrelevant organization effort in the data centers. Moving data into the cloud offers magnificent solace to customers since they don 't have to consider the complexities of direct hardware organization. The pioneer of cloud computing dealers, Amazon Essential Storage Service (S3), and Amazon Flexible Figure Cloud (EC2) [2] are both definitely comprehended representations. While these electronic online services do give enormous measures of storage space and versatile computing resources, this computing stage shift, then again, is discarding the commitment of adjacent machines for data support meanwhile. Accordingly, customers are vulnerable before their cloud service provider (CSP) for the openness and dependability of their data.

Cloud computing have revolutionized life as we know it; it allows people to store, manage, and access their data by using a network of remote servers which are hosted on the internet rather than using a local server or own hardware. A recent study conducted by KPMG found that 81% of businesses were either evaluating cloud services, planned a cloud implementation or had already implemented a cloud strategy [1]. Organizations tend to use the cloud to reduce costs and improve efficiency. Cloud is not a commodity, some people think that it comes out of the sky, while in fact it comes from physical hardware inside brick and mortar facilities which are connected to hundreds of miles by networking cables.