Cloud Computing

The purpose of our research is to understand how economics works with cloud computing. Is economics the way to go with cloud computing? What is the general understanding of economics when it comes to cloud computing? How will businesses benefit from cloud computing? Will cloud computing work within a budget of an organization? The intended audience for this paper is for academic Empire State College purposes only.

Businesses will economically grow and benefit with cloud computing. Cloud computing has significant implications for the way companies, businesses, and governments access and use information technology. It enables users to remotely access scalable, high-powered computing services via broadband networks from a range of devices, all on-demand. Cloud computing has the potential to provide users with increased computing capability, greater efficiency, and lower energy and infrastructure costs.

According to Kevin Jackson of Forbes.com he describes cloud computing as a metrics. According to Kevin Jackson the four sets of cloud computing economics are the number of unique customer sets, customer set duty cycles, relative duty cycle displacement and customer set load. These metrics reduce resources and creates more resource demand. According to Mr. Jackson of Forbes.com this “properly balancing these factors across a well characterized user group can lead to approximately 30-percent savings in IT resources, and enables the near real-time modification of the underlying physical infrastructure required for the delivery of the desired “illusion of infinite resources” synonymous with a cloud computing user’s experience.” Once implemented this economic model would reduce operation and maintenance costs of IT infrastructures.

Cloud computing despite its cost effectiveness still poses a security concern among businesses wanting to implement the cloud. With a secure cloud model presented by Kevin Jackson there would be economic savings among businesses....