Eloandocs Essay

Premium Title started ELoanDocs in order to link different and numerous parties together, while informing them about mortgage-closing processes through technology. Before the company’s new process was created in the early 90’s; the industry’s process was stagnant and paper intensive. Prior to eLoanDocs system the mortgage industy consisted of a fax, mail, and an in-person review. A mortgage loan and final closing procedure would take around 90 days. It would also oblige a mortgage lender to generate final documents manually and then send it over to a title company prior to the scheduled closing date.

The focus of cloud computing is providing with scalable and a cheap on-demand computing infrastructure with a good quality of service levels. The process of the cloud computing involves a set of network enabled services that can be accessed in a simple and general way. Cloud computing provides with a unique value proposition for any organization to outsource their information and communication technology infrastructure. Moreover, the concept itself provides with a value proposition for an organization as using the cloud saves on cost, resources, and staff, and business opportunities for the organization (Katzan). An extensive connectivity of

Cloud computing is storing and surveying data and programs over the internet rather than the computer's hard drive. Moreover, the cloud is a personification for the internet. It is linked to flowcharts and presentations that epitomize a huge, server-farm infrastructure of the internet as a puffy, white cumulus cloud, acquiring connections and dispensing information as it floats.

Marston, Sean R., Li, Zhi, Bandyopadhyay, Subhajyoti, Ghalsasi, Anand and Zhang, Juheng, Cloud Computing: The Business Perspective (November 23, 2009).

Cloud computing has been defined by NIST as a model for enabling convenient, on-demand network access to a shared pool of configurable computing resources (e.g., networks, servers, storage, applications, and services) that can be rapidly provisioned and released with minimal management effort or cloud provider interaction. Cloud computing can be considered a new computing paradigm insofar as it allows the utilization of a computing infrastructure at one or more levels of abstraction, as an on-demand service made available over the Internet or other computer network.

The cloud computing industry evolved over the past fifteen years and according to (White, 2013) in the article, “A Cloud Retrospective”, the cloud industry was introduced out of the dot.com bubble burst at the beginning of the twenty-first century compelled internet-based companies to modernize their Information Technology (IT) Architecture and find more efficient IT operating solutions (White, 2013). (White, 2013), writes that Amazon entered the cloud market by introducing its Amazon Web Services (AWS) in 2006. (White, 2013) states in 2007 there were disagreements by the experts on the true definition of cloud computing. In 2008 the cloud market expands to include more vendors (White, 2013). (White, 2013)

Cloud computing is a model for enabling ubiquitous, convenient, on-demand network access to a shared pool of configurable computing resources (e.g., networks, servers, storage, applications, and services) that can be rapidly provisioned and released with minimal management effort or service provider interaction. (Reference: http://www.nist.gov/itl/cloud/)

Cloud computing is defined by Cearly and Phifer in their case study titled “Case Studies in Cloud Computing” as “a style of computing in which scalable and elastic IT-related capabilities are provided ‘ as a service’ to customers using Internet technologies”. Cloud computing services had been provided by major vendors such as Google, Amazon, Microsoft, IBM, Hewlett-Packard, and others for business computing until recently when Apple Corporation announced iCloud for consumers. Therefore, cloud computing is now available for businesses as well as consumers. Read the case study titled, “ Ericsson”, located here, about Ericsson cloud computing.

Cloud computing is becoming the most popular topic in the realm of Information technology. Its popularity stems from the ability to allow with limited knowledge, to be able to access their information anytime and anywhere while reducing overhead and costs. Additionally, reduces the need for backups; this is because backups are done automatically, between different servers in the “cloud”. Even with the obscurity, cloud computing is really just a way to outsource computing resources, and have a third party maintain and upgrade them. Allowing companies to avoid the upfront investment in hardware and labor. Even though cloud computing may seem like a silver bullet to a company, cloud computing presents a whole new set of very serious risks

Cloud based computing can be considered as an upcoming computing paradigm or a business model allowing organizations and businesses to Incorporate IT capabilities without having to Invest heavily upfront to set up the IT infrastructure. It is incontrovertible that the capabilities and the advantages provided by cloud based services can greatly benefit businesses and organizations around the globe, but there remain some unresolved issues with respect to cloud based systems that can hinder

Here, it is important to give a brief overview of cloud computing. It is not only changing the way society as a whole computes, but it is also transforming the way businesses operate and store pertinent information. A good description of the relationship between

Development of cloud computing started during 1980’s from the complex and extended roots of Information Technology (IT). With the rise of network and internet technologies in the 1990’s, users could

The impact of cloud computing can be realized with the mitigation of having to acquire and maintain knowledge about the support of core business competencies such as computer maintenance, data warehousing, customer interfaces, etc., which leads to less capital investment. For example, no longer will an entity need to have in-depth knowledge of server maintenance or hiring of competent employees to support the business since the entity can use a cloud service provider. The cost would be cheaper due to the cloud service provider’s economies of scales, in addition to providing security, availability, and innovation. Cloud computing has taken many of the traditional supporting costs and either made it easier to maintain or cost less. In the next section, we will be discussing the ways in which cloud computing features can impact entities.

Cloud Computing is an evolving aspect in business application. One reason for business to embrace the coming era of cloud computing is that it allows companies to avoid infrastructure costs. Another reason for the cloud computing achieving this popularity seen so far is that enterprises can run their web-based applications faster than previously, together with higher manageability and less maintenance. Thus, enterprises can focus on their core business function and improve productivity in the meantime.

Simply put, cloud technology means sharing resources, information, and software over a network such as the internet as opposed to using a personal computer, server, or other computer hard drive. It is delivered as a service rather than a product like traditional computing. The different services are called Software as a Service or “SaaS, Infrastructure as a Service “LaaS”, Computing as a Service “CaaS”, and Platform as a Service “PaaS”. Many people believe that moving to the cloud is the future of IT and several businesses already rely on the cloud for all of their technology needs. We are going to look into how cloud computing works, what makes it successful and what are some issues that may arise from moving away from traditional