What Is Your Definition of Cloud Computing and How Does It Impact Your Business

Topics: Bank, Financial services, Cloud computing Pages: 4 (1396 words) Published: February 20, 2013
“What is your definition of cloud computing and how does it impact your business?” Cloud computing has been around for a while. It has been lurking in the ICT industry in smaller forms and companies have generally been using the service internally without realizing it. Only a few years ago, the sudden realization that cloud computing can save an organization massive operational costs came to the fore. Organizations were getting bigger and the cost of doing business was becoming expensive. Organizations that were expanding globally, i.e. beyond their country’s borders were discovering that the infrastructure costs per country varied and in some instances were none-existent as the country did not have the buying power to procure the latest infrastructure. This meant that organizations that had SOE (standard operating environments) and were mandated by policy to conform to specific standards began to find it more difficult to maintain their standards. This in turn meant that compromises would need to be made to security policies and the method in which data was delivered to international clients had to be changed to enable this to happen. So, it was only natural that when cloud computing service providers began an aggressive push for their services, the world breathed a sigh of relief. Here at last was a service that could be delivered virtually anywhere in the world and even more beneficial was the fact that the service could be delivered down to handheld devices such as smartphones and the iPad. In addition to this, cloud computing enabled an organization to maintain its policies seamlessly across multiple sites which may be located in different countries. The entire platform could be used to virtually centralize the data and the policies associated with it. So, exactly what is cloud computing? To the layman, the simplest definition is the storage of data in a virtual cloud with the Internet being used as the backbone to access and work on data. The Cloud

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