Corporate computing has revolutionized today’s business environment. Not just a replacement for a typewriter, computers offer versatile services and increase the productive flow of information. Many complex and time-consuming tasks like inventory control, accounting, customer database, etc. have been efficiently handled by computer systems. Organizations are trying to make optimal use of systems at relatively lower cost. They are finding various ways to consolidate IT maneuvers through which they can reduce their operating costs. Cloud computing is a new dimension in computer systems through which companies can reduce their operating expenses. In simple terms, it can be expressed as “computing over the Internet”. It does not take place within the company premises. You are not using networks or outsourcing to run the same old applications. It consists of new and technologically updated ways of accessing and providing information, analyzing data and resources to people through the network.
Anatomy of the process: A cloud computing platform consists of a massive collection of cloud servers. This includes a data center, provisioning manager, application server, monitoring server, and virtualization components. All clouds are interconnected and serve as the back end of the process. Web 2.0 is being implemented in the application server, through which all requests are handled efficiently. The user selects a service from the catalog through the front interface. This request is passed to the system, where the correct resources are identified and the cloud resources shaped by the provisioning service. Both the software and the information are located on centrally located servers and not on an end user’s computer. Computer programs are hosted and operated over the Internet. These applications use large data centers and servers to host web applications and services. People can access the required information through any device connected to the internet. They are not required to access information only from their desktop. They can even do it through their mobile phones.
Applicability and Market Opportunity: This is more beneficial, especially for small business owners for whom large IT expenses are out of budget. This system helps them be more productive without spending a lot on internal technical teams. There are certain features that can only be accessed through desktop applications, such as high-powered calculations in spreadsheets. However, a large amount of data can be accessed through cloud computing, which is normally impossible through desktop applications. Even the latest desktop computer can only process around 3 billion calculations per second. But cloud computing systems are capable of performing trillions of calculations at the same time. It involves fewer maintenance issues like storage capacity, compatibility, etc. This would help organizations tackle the most complicated computing tasks. It will make information available to the masses instead of a limited number of qualified professionals. When a user accesses information from the cloud, he will only get the latest version. This eliminates the problem of updating the version on the user’s hard drive. Generally, a vendor sells products directly to the end user, and if this product becomes obsolete, the user has to go out of business. Now cloud computing helps the user to get latest version information. With this system, a person from anywhere in the world can create a company at a relatively cheap cost, which can compete with almost anyone.
Future challenges for the implementation of the system: The software and technology needed to support the system are not yet properly sourced.
– Lack of awareness and infiltration of its use in many countries.
– As huge personal identity data of individuals will be stored through a third party, the issue will become more sensitive. A lot of focus and care is required to safeguard your privacy. Major companies in the world like Google, Yahoo, Microsoft and IBM are moving towards this trend by formulating plans to take advantage of this technology. This decade witnesses the Internet as a profitable market for business. With the increasing need to use IT systems in business operations, cloud computing has become an unavoidable part of the technology portfolio. It is a long-lasting trend with a distant horizon.