Cloud Computing: Benefits, Risks and Future

Cloud computing is cost effective and flexible way to handle operations.

Cloud computing dates back to 1970s when it was started as an on-demand computing power. In 1980s, it was developed into a “remote data storage” mainly given to secure data off site in case of disaster. It was common to outsource hardware and software to third parties by 1990s.

The first decade of millennium saw the emergence of faster and smaller computers, data storage and fiber optic networks that improved computer capabilities on a large scale.

Cloud-computingHowever, Asian nations have been a bit slower to keep a pace with that computing development. Good thing is that they have now joined the race. Many companies in Asia moving some operations of their business to the cloud provided by suppliers like Amazon, Microsoft, IBM, and Google.

These cloud suppliers provide computing resources and data storage on demand in a virtual environment. For example, a business can use virtual storage to save its data rather than purchasing new HDDS. Furthermore, it can access, share and customize the stored data from anywhere, anytime.

This is why cloud computing is being looked as a cost saving and effective model, encouraging small businesses to adapt cloud services.

However, there are several risks associated with cloud computing like unauthorized access, security risks at the vendor, compliance and legal issues, lack of control and unavailability. But these risks can be avoided by taking precautions while choosing vendor and storing data.

Cloud computing can open a whole new world of opportunities and capabilities in future. For example, businesses can develop new ways of selling goods and service to cloud users through the cloud technology. Another great possibility with cloud computing is that it will make modular software a priority in the coming years.

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