Defining the Cloud Computing Technology - Essay Example

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From the paper "Defining the Cloud Computing Technology" it is clear that generally speaking, cloud computing is a viable business opportunity or another IT bubble that is likely to burst in a couple of years, once the ventured capital investments dry up…

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Subject: Information Technology
Type: Essay
Level: Masters
Pages: 55 (13750 words)
Downloads: 7
Author: trey00

Extract of sample "Defining the Cloud Computing Technology"

Download file to see previous pages Cloud computing might be a new terminology but essential; however, it refers to the availability of business opportunities within the global scope through internetworked computers, which is based on already existing communication and architectural models. Through research, the reoccurring theme in Cloud Computing is that migration from in-house computing to on-demand Cloud services is happening faster than ever through a wide range of businesses across the globe. Below is a visual representation of the growth of Cloud Computing in recent years.

Market analysis and research firm referred to as IDC suggested that the previous market for Cloud Computing services stood at $16 billion in 2008 and will rise to approximately $ 42 billion yearly come 2012.

It is estimated that the advantages of Cloud Computing compared to its cost are likely to be three to five times for business applications and more than five times for consumer applications. Gartner’s press release dated June 2008, suggested that Cloud Computing will be “no less influential than e-business” (Gartner, 2008)
According to perception, the research provides valuable insight into the numerous benefits of Cloud Computing which would create a better understanding of the weaknesses of their competitors in the global market.

However, it is prudent and obvious to note that numerous benefits associated with Cloud computing improved flexibility and scalability hence reducing production costs which are quite attractive in business. In addition to that, there is still more to be desired to enhance interest in Cloud Computing which is meant to turn the business perception that people have to physically attend to their businesses to achieve a milestone. Many of the risks associated with solutions to common problems hindering the business industry and global development lik, like security, legal issues, and vendor lock-in are still under review without regulations and standardization across Cloud Computing providers.
Through my expertise in the mentioned field of work, I utilized my prowess extraneously to implement long-term IT projects with constantly growing budgets acceptable as the norm under which I had to go through until I got involved in implementing a CRM solution based on a Cloud Computing platform. ...Download file to see next pages Read More

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