Advantages Of Cloud Computing

6095 Words 25 Pages
Register to read the introduction… It allows companies to access a vast array of computing resources without the need to invest heavily in expensive new hardware, software, and IT personnel. 2. It gives firms the ability to quickly adjust the amount of computer resources to meet their needs—and pay only for the resources that are actually used. This can dramatically lower costs. 3. Cloud computing simplifies collaboration among employees and partners because it is independent of platform. In fact, many programs located “in the cloud” have extensive built in tools for collaboration. 4. Cloud computing allows firms to access the processing power of hundreds (or even thousands) of computers. Using a technique called massively parallel computing these combined resources can result in incredible gains in processing speed and power.
Despite these advantages, cloud computing does have some drawbacks. In recent years several high-profile cloud providers, including Google and Amazon, have experienced major disruptions in their services and/or security breaches. Such problems could undermine acceptance of cloud computing if not brought under
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Type of customers | Individual final consumers | Other businesses | Number of customers in target market | Very large | Often limited to a few major business customers | Size of typical individual transaction | Relatively small (usually a few dollars to a few hundred dollars) | Potentially very large (often several thousand dollars, sometimes several million dollars) | Customer behavior | May do some research, but many purchases may be based on impulse. | Usually does careful research and compares multiple vendors. May take bids. | Complexity of negotiations | Purchase typically involves little or no negotiation. Customer usually buys a standard product and pays the listed price. | Often involves extensive negotiation over specifications, delivery, installation, support, and other issues. | Nature of relationship with customers | Firm wants to develop customer loyalty and repeat business but seldom develops a close working relationship with individual customers. | Buyers and sellers often eventually develop close and long-lasting relationships that allow them to coordinate their activities.

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