Effective use of cloud computing can change the business operations
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There are many cloud computing applications that have become part of our daily lives. Some of them include visiting friends on Facebook, listening to songs and watching films on You Tube, Wiki services, texting, updating anti-virus program, Google applications, Google sites to create and store a webpage, run online surveys on Survey Monkey, payments and billing, services that compute business trends, signing up for various applications, likewise, the cloud services have already intruded into the daily life of each of us through mobile, social networking, video, storage and computing.
The number one of twelve top cloud computing service providers is Amazon.com. IBM offers technical services to future and existing clients in terms of providing educational material and services as an upgrade path. There are numerous businesses interested in becoming cloud computing service providers and there will be more to come chasing the big dollars opportunity of the future.
Cloud services through web are available to governments, schools, private enterprises, individuals etc., on subscription basis based on the need level and type of services. Public libraries have become popular and they use Google Docs or Apps, websites in MS Live, Informational services such as NC Live which provide eBooks, audio books, computer based training, newspapers and journals.
Webinars have become a part of continuing education. Computing, delivery of content, databases, e-commerce, monitoring, networking, storage, support, web traffic and workforce, payments and billing have become the latest business trends. An important reason for shift towards cloud is associated with low costs. For this very reason, small and medium scale businesses, schools, libraries find cloud computing cost effective, as in cloud computing, the process of having to purchase and apply software and hardware updates, worries regarding creating and running backups and IT support staff related costs can easily be reduced to nil. Cloud also brings to a business enterprise more agility, doing more with few resources.
Though cost wise, cloud definitely proves to be advantageous for business, but the ground infrastructure facilities like bandwidth and its effectiveness still act as a deterrent for the spread of cloud computing. Added to this, security, data integrity, privacy and trade secrets are some more concerns unless stringent measures are taken to protect the information. At the same time, organizations responsible for budgeting costs on an annual basis may find it difficult to estimate future data usage needs and associated costs.
There are legal issues too, which still needs resolution, such as legal ownership in case of data changes when data gets placed in outside computing environment. In case data is lost, who is liable?
The deterrents and other legal issues may get resolved over a period of time with the evolution of cloud as the future. But the primary benefit of cloud, which frees up resources for enterprises to use in other ways and lowers the cost of many IT functions, is what is making cloud attractive. When properly applied, a relatively small investment in innovative, flexible, and aligned IT spending in the cloud can be leveraged into a significant economies of scale.
Dr.V.V.L.N.Sastry is a Researcher in Computer Science Engineering at JJT University. He also holds Ph.D in Banking as well as Ph.D in Financial Management.
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Disclaimer: The author has taken due care and caution to compile and analyse the data. The opinions expressed above are only the views of the author, and not a recommendation to buy or sell. The author does not accept any liability whatsoever arising from the use of any of the above contents.
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