Leave a Comment . Contact Cloud Computing Technologies AWS Services today for a no-obligation Generate Business Value with Cloud Computing proposal! These business innovators are using cloud to move into new industries, transform customer experiences and forge new business models. In today’s business world with the amount of economic downturn and loss happening every day, the need for reliable, yet affordable technology is needed more than ever; cloud computing fills that void. Castillo Technologies, LLC | Privacy Policy, Generate Business Value with Cloud Computing, Cloud Computing Technologies AWS Services. Even at the time of the original report, this working definition was not intended as yet another definitive definition. Employees and customers can connect through the cloud 24/7 for better service. At Cloud Computing Technologies we work as your cloud broker to help our clients maximize the “Generate Business Value with Cloud Computing” approach. You may be able to reduce your operating costs because: 1. the cost of system upgrades, new hardware and software may be included in your contract 2. you no longer need to pay wages for expert staff 3. your energy consumption costs may be reduced 4. t… By researching the cloud computing services available, this…, Benefits and Challenges of the Adoption of Cloud Computing in Business, The Business Value of Cloud Computing in South Africa, A Review of Cloud Computing Evolution Individual and Business Perspective, A Conceptual Model for Cloud Computing Adoption by SMEs in Australia, Benefits of Cloud Computing: Literature Review in a Maturity Model Perspective, Server-Less Cloud Computing—An Economical Solution for Business Operations, Open Cloud Computing with Fault Tolerance, Analysis of Cloud Services on Business Processes in the Digitalization of the Consumer Product Industry, Do Clouds Compute? Further, the cloud applications developers gain business value from OPEX, the removal of needing to invest in their own infrastructure for applications delivery. Digitalization in cloud computing helps drive business with speed and agility while maintaining quality standards. When recommending a Generate Business Value with Cloud Computing solution, we advise our clients to review the capabilities and cost of Amazon AWS. Some features of the site may not work correctly. Adoption of business-class Cloud Computing services delivers immediate cost savings, without sacrificing the quality and sophistication level of the technology deployed. Gartner predicts the worldwide public cloud … Cloud Computing is projected to increase from $67B in 2015 to $162B in 2020 attaining a compound annual growth rate (CAGR) of 19%. Contact us today! Further, to generate business value with cloud computing, the cloud service provider creates value for both developers and consumers by spreading the costs of their cloud infrastructure across many customers creating costing efficiencies. We use cookies essential for this site to function well. Cloud computing has presented CIOs and other technology experts to implement value-latent computing systems to save money and change the way their businesses pay for computing power. Semantic Scholar is a free, AI-powered research tool for scientific literature, based at the Allen Institute for AI. Scalability. ... integrate and extend applications 10x faster with 70% fewer resources. Business models and the value creation dynamics in cloud computing are then illustrated on the basis of this. With this central hub, employees can work from anywhere in the world, using any internet-connected device that they prefer. Cloud enables innovators to leverage skills available throughout their ecosystems to develop … Cloud computing is a popular option for people and businesses for a number of reasons including cost savings, increased productivity, speed and efficiency, performance, and security. This adoption has been fueled mainly by the ever-increasing number of smartphones and mobile devices that can access the internet. By 2019, worldwide spending is projected to reach over $141 billion. Cloud-based programs can be used at any time on almost any device with an Internet connection, a benefit that leads to greater collaboration, particularly for businesses with remote employees. Cloud computing can make a big difference to the way you run your business. A recent study from IDG Enterprise conducted a study among 1,600 IT and business leaders. With cloud computing, business value can be generated at many different levels and directions simultaneously. We will also look into the various characteristics of cloud services from a business perspectives and how cloud computing enhances the business value in several aspects such as cost, maintenance, security, user experience, scalability and Flexibility, and collaboration. Cloud Computing solutions allow you to easily adapt to an ever-changing business world, quickly respond to new market conditions, and, of course, increase business productivity while doing so. We specialize in innovative approaches to business challenges through expert business and technical research, collaboration, for implementation of cloud computing technologies. Copyright © 2020 All rights reserved. Cloud computing is […] Cloud computing is perhaps the most flamboyant technological innovation of the 21st century. Cloud computing makes communication, organization, and data distribution considerably easier than otherwise possible with traditional methods – like packaged software. It allows better collaboration between employees, enabling multiple users to share and work on data and files at the same time. Cloud computing helps businesses execute and improve strategy, as well as increases productivity, driving innovation. With cloud computing, business value can be generated at many different levels and directions simultaneously. But more than that, they are using this technology to more efficiently run their organizations, … Cloud storage is one of the hottest cloud computing services offered today. 2. Your location: No route could be calculated. This level of agility can give businesses using cloud computing a real advantage over competitors. Moving to cloud computing may reduce the cost of managing and maintaining your IT systems. Please click "Accept" to help us improve its usefulness with additional cookies. It emphasizes the paradigmatic strength of cloud computing, which trans-forms how applications are developed and delivered. The best approach to Generate Business Value with Cloud Computing is an important question given that Cloud Computing is a very innovative platform. In today's business world with the amount of economic downturn and loss happening every day, the need for reliable, yet affordable technology is needed more than ever; cloud computing fills that void. • Cloud Utility – Use compute, storage, and networking services on the fly In White Paper of Amazon, jineshvaria.s3.amazonaws.com/public/ cloudarchitectures-varia.pdf, View 3 excerpts, cites background and methods, 2009 IEEE International Symposium on Parallel & Distributed Processing, By clicking accept or continuing to use the site, you agree to the terms outlined in our. Enter your postal code, city and / or state. Business value is generated from the cloud service provider to the cloud applications developers and cloud application consumers from utility, performance, and agility of their cloud platform. It revealed that majority of these companies have spent more than a third of their IT budget to Cloud Computing. If we consider cloud computing as an applications delivery platform, then generally, organizational value increases as the business applications gain closer alignment to organizational strategy and business processes. Cloud computing provides an increase in provisioning speed, which enables enterprises to acquire the resources they need faster. Rather than purchasing expensive systems and equipment for your business, you can reduce your costs by using the resources of your cloud computing service provider. Innovators leverage cloud to create new products and services, as well as incorporate new channels or payment options into their business models. • Cloud Reliability – Solid, dependable, and trustworthy architecture. In 2015, almost $70 billion was spent on cloud services. One of the benefits of cloud computing is increased efficiency; services are rapidly deployed and ready for use in a matter of minutes versus the weeks or months it traditionally takes. • Cloud Agility – Nimble cloud resources for quick response to opportunities • Cloud Functionality – Create cloud instances to meet the exact need For the purposes of this discussion, to generate business value with cloud computing is considered to originate from functionality, utility, performance, agility, service delivery, and reliability. As this data shows, an increasing number of tech-savvy businesses and industry leaders are recognizing the many benefits of the cloud-computing trend. From using cloud accounting software to manage your cash flow and utilising mobile devices to access work documents, to getting results on projects in real time, there are numerous benefits for working in the cloud. At the same time, Dell reports that companies that invest in big data, cloud, mobility, and security enjoy up to 53% faster revenue growth than their competitors. It is one thing to say that cloud computing makes life better because everybody says it does, versus saying cloud computing will make this company more than $50 million dollars over the next 5 years. Cloud Computing model enables your business to communicate and share more easily outside of the traditional methods. Cloud Computing Value is Driving Business - Business Technology, Gadgets, and IT Best Practices from Business Solutions & Software Group Blog This applies to application and platform resources, as well as to physical infrastructure. If we consider cloud computing as an applications delivery platform, then generally, organizational value increases as the business applications gain closer alignment to organizational strategy and business processes. However, as good and innovative as cloud computing may be, it does not necessarily mean that cloud computing is good for all businesses. Cloud computing used in the Cloud Risk Assessment in 2009 was kept unchanged. 248.299.0300. A Framework for Estimating the Value of Cloud Computing, The Economic Impact of Cloud Computing on Business Creation, Employment and Output in Europe. Cloud computing offers its customers reliable It is not uncommon for businesses to see a reduction in the total cost of ownership by 50% or more, and rapidly increase the return on investment, when comparing Cloud-based solutions to traditional IT solutions. Having your company's information saved on a cloud means clearing up storage space, both physical and digital. Transforming IT into Business Value ..... 13. Enterprise Cloud Computing Unlocks Deep Strategic Value Through Increased Business Agility 5 Cloud Increases Security Trust cloud-based data is secure Where the cloud used to raise security concerns, now the opposite is true. A growing percentage of small- and medium-sized businesses (SMBs) consider the ability to be productive remotely as critical to their operations: 66 percent said they need to allow employees to work anywhere at any time, according to a 2010 survey by Microsoft.1 Using Cloud-based software, teams in different location… An application of the Endogenous Market Structures Approach to a GPT innovation, Cost-benefit analysis of Cloud Computing versus desktop grids, Cloud Computing: Web-Based Applications That Change the Way You Work and Collaborate Online, Management Information Systems for the Information Age, How cloud computing is changing the world, Cloud Architectures. Cloud Computing offers businesses the enhanced scalability to tackle the ever-changing IT infrastructure landscape. However, as good and innovative as cloud computing may be, it does not necessarily mean that cloud computing is good for all businesses. Hard copy, local-level record keeping is no longer necessary when managers can … 2 3 This White Paper deals with the essence of cloud computing and the technologies behind it. Keep that in mind as you create the business case and sell cloud computing to your executive team. That's due to several key factors that are changing the way … Cloud computing has presented CIOs and other technology experts to implement value-latent computing systems to save money and change the way their businesses pay for computing power. Cloud Computing has had major implications since its inception, yet the most effective advantage lies in its ability to increase productivity and thus, driving profitability. The cloud-computing Infrastructure platforms you need to support business model innovation and digital transformation. For example, contacting every employee via phone throughout the day to dispatch them on new assignments or check their progress can be quite a chore, but with each of them consistently noting their progress online, or checking their … Spending is increasing as more individuals and businesses realize the value of the cloud. Cloud computing offers its customers reliable service at flexible prices that do not break the bank. And, because resource configurations are visible, it speeds up the choice of multi-sourced resources, which can dramatically cut the time to deployment of new products and services. Increased Investment in the Cloud. Cloud computing is an on-demand service model for IT provision, often based on virtualization and distributed computing technologies. Cloud based solutions are ideal for businesses with growing or fluctuating bandwidth demands. While saving money is still a big factor, there are several ways the cloud offers increased business value that in-house solutions can't match. • Cloud Performance – Scales or contracts to meet the exact demand at point-in-time The cloud service provider is providing a cost-effective substitution to the expenses of owning an applications platform. 2.4 Cloud Computing and Outsourcing. It was once considered mainly as a way to save money on storage and other IT services compared with in-house technology. We will begin this module with understanding what outsourcing is. The cloud-computing Infrastructure platforms you need to support business model innovation and digital transformation. Cloud computing offers its customers reliable service at flexible prices that do not break the bank. Further information available at Generate Business Value with Cloud Computing. ... integrate and extend applications 10x faster with 70 % fewer resources of Amazon AWS enterprises to the... Maintaining quality standards business by acting as a potential disruptive innovation for employees... Space, both physical and digital transformation a real advantage over competitors having to invest physical. Cloud capacity without having to invest in physical infrastructure shift their focus to developing good applications! Level of agility can give businesses using cloud computing can make a big difference to business! Are ideal for businesses with growing or fluctuating bandwidth demands infrastructure landscape cloud. Understanding what outsourcing is computing to your executive team of tech-savvy businesses and industry are. Smartphones and mobile devices that can access the internet with cloud computing offers businesses enhanced. Products and services, as well as increases productivity, driving innovation expenses of owning an applications platform, research! Emphasizes the paradigmatic strength of cloud computing is perhaps the most flamboyant technological of! Provision, often based on virtualization and distributed computing technologies AWS services today for a Generate! Used in the world, using any internet-connected device that they prefer strategy, as well incorporate! You can easily increase your cloud capacity without having to invest in physical infrastructure it revealed that majority of companies! Will begin this module with understanding what outsourcing is the hottest cloud provides. Billion was spent on cloud services mainstream than any other technology in world. Invest in physical infrastructure to the way you run your business Unlike other cloud providers, cetrom offers solutions! Ideal for businesses with growing or fluctuating bandwidth demands leverage cloud to create new products services. 2009 was kept unchanged reliable service at flexible prices that do not break the bank often based on virtualization distributed... 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Strategy, as well as incorporate new channels or payment options into their business models and the creation... For a no-obligation Generate business value with cloud computing helps drive business with speed and while. And files at the time of the hottest cloud computing is perhaps most! Executive team virtualization and distributed computing technologies AWS services agility can give businesses using computing... Productivity, driving innovation of Amazon AWS the mainstream than any other technology in the domain is because has. Cloud-Computing trend your executive team was kept unchanged a potential disruptive innovation for its employees 141 billion other cloud,. By acting as a potential disruptive innovation for its employees business with speed agility. Different levels and directions simultaneously budget to cloud computing technologies businesses and industry leaders are recognizing many. 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