As defined by Acumatica.com, Cloud-based computing is a kind of service that enables the permission of different software applications to work on shared computing resources such as disk storages, memory, and processing power. These particular resources can be utilized in separate data centers that are needed to host other applications from various platforms.
Cloud computing’s history can be traced back in as far as the birth of the ARPANET in 1969, which eventually became the foundation of the modern internet. Major advancements and innovations came until companies offering business applications in the web started to emerge and in 2006, the Cloud finally gained widespread attention. Initially conceived from a 1996 research paper, Erich Schmidt brought his creation to the public together with all of the cloud’s promising potential and bright future.
This kind of software systems is now one of the most steadily growing topics being discussed in the corporate world due to its efficiency in the aspect of the business. Cloud-based software systems enable faster accomplishment of office tasks and have the ability to avoid errors at the same time. They also do not require the installment of other additional components that can further add up to its cost.
Having the right cloud service provider can help speed up the productivity of a business, further benefiting its continuous growth in the process. In fact, it’s potential have been widely acknowledged by companies from several developed countries.
Take for example Australia, wherein one-third of its businesses use cloud-based systems. 85% of that portion prefers cloud for computing software services, while 60% are solely for the purpose of storing important files. Furthermore, Forbes estimated that more than half of Information technology expenditures had become cloud-based last year. Most active users of the cloud are known to be banking companies. Governments are included in the list of leading users as well.
The following are some of the telltale advantages of having cloud-based software systems:
- Promotes efficient flow of daily operations
- No hardware installation required
- Large storage capacity
- Consistent and automatic updates
While it may be true that cloud-based software systems have already been considered by many to be one of the most reputable kinds of software systems available today, there are still several disadvantages that are worth considering. These are:
- Possible technical problems
- ● Privacy and security risks
To learn more about all the pros and cons mentioned above, take a look at this infographic brought to you by Bizprac, software for builders: