Cloud Computing in Business

Abstract

Technological innovation or Tech-novation has proved to be a vital resource for business growth. Cloud Computing is new platform in today's high-tech business environment that has brought many benefits to small and medium as well as large businesses. The internet-based technology of Cloud Computing has introduced a new concept of managing IT infrastructure on a shared platform through virtualization of servers. This papers aims to understand the concept of Cloud Computing and its impact on local as well as global business. The paper also focuses the benefits that cloud infrastructure brings to businesses. In fact, the paper serves as an interesting research for individuals involved in cloud technology and organizations willing to get benefits of cloud technology.

Table of Contents

Abstract2

Introduction4

Resource Kit5

Cloud Computing6

Cloud Computing for Business9

Conclusion11

References12

Cloud Computing in Business

Introduction

Technology's role cannot be avoided form the development of any business as today's rapidly changing technological advancements have given leverage to businesses as well as made things easier to individuals or consumers. Emergence of Could Computing has affected the traditional and modern computing and other technologies through its internet-based shared infrastructure that allows clients to easier and quick access on-demand information. It is also a fact that emergence of cloud computing has significant impacts in the way businesses are conducted (Mulholland et al., 2010). The businesses in the present age function in a systematic manner and with advanced technology. They are divided into various departments which manage their functions and activities in a systematic flow. The management in most of the business organizations has undergone profound changes by absorbing the various technologies such as Just-in-Time, Total Quality Management and Theory of Constraints (Manzoor, 2012). Now it is high time, that the businesses are shifting their production, operations and supervision procedures to the implications of information technology. In addition, rapidly changing technology as well as business environment has opened new doors of doing business in a radically different way (Manzoor, 2012).

The basic concept of cloud computing is that the computing is done in the cloud which means that the processing of the data and sources of data are not in a specified, identified or fixed location (Antonopoulos & Gillam, 2010). In cloud computing concept, not every user owns the physical infrastructure; instead, capital expenditure is avoided by the payment of rent for the usage of a service provided by third party (Antonopoulos & Gillam, 2010). The cloud computing technology is increasingly becoming connected with small and medium enterprises (SMEs), as normally, the SMEs are unable to manage their budget for the huge capital expenditure of traditional IT resources.

Small-Medium Enterprises also naturally have lower existing computer infrastructure, low level of skillful administration, more flexibility, and lesser capital budgets for acquiring in-house IT technology (Mulholland et al., 2010). This remarkably helps SMEs especially in the emerging markets, where cost reduction can gain them competitive advantage in the market. The key features of cloud computing are Agility, Cost, Device and location independence, Multi-tenancy, Reliability, Security, Maintenance, Measurability (Williams, 2012). Cloud computing can be both a ...