Economic of Cloud

Computing
By Anchal Singh
• Economic ?
Economic is the study of what constitute balanced
human behaviour in the attempt to fulfil his/her need
and want.

Economic of Cloud Computing

Cloud computing has become a game- Deal with the production, distribution
changer in the world of business, and consumption of IT services.
offering significant economic benefits to
companies of all sizes.
Another economic benefit of cloud Cloud computing also enables
computing is improved data security. businesses to be more agile and
responsive
• Creativity and Innovation
Cloud computing has also become a radial point of creativity and innovation,
with new ideas and solutions emerging every day.

Enable new business formation and new product development

create what would be called multinational small and medium business(SMBs)

With cloud-based platforms like Amazon Web Services and Microsoft Azure,
developers can quickly and easily build and deploy applications that can scale
to millions of users.

This has led to the creation of new products and services that would not have
been possible without the cloud.
cloud computing has also led to the democratization of technology.
• Advance technology Uses in Economics of
cloud computing
One of the advanced technologies that is transforming cloud computing is
artificial intelligence (AI).
AI-powered tools and platforms are helping businesses analyze vast
amounts of data and gain valuable insights into customer behavior and
market trends.
Another advanced technology that is driving the economic benefits of
cloud computing is the Internet of Things (IoT)
Cloud computing is also being powered by advanced networking
technologies, such as Software-Defined Networking (SDN) and Network
Function Virtualization (NFV).
 Advantages and Disadvantages of
cloud computing in term of
economic
Cloud-based services can be quickly One of the main concerns is data
scaled up security and privacy
One of the main advantages of cloud Another disadvantage is the potential for
computing is cost savings vendor lock-in.
Cloud computing also offers increased risk of service disruptions or outages.
flexibility and mobility.
Potential for increased revenue
One way that cloud computing can increase revenue is through cost savings.
Cloud computing can also accelerate time-to-market, allowing businesses to bring
products and services to market more quickly.
cloud computing can help businesses to reach new customers and markets, which
can contribute to increased revenue.

Challenges
cloud computing can help businesses to reach new customers and markets, which
can contribute to increased revenue
Another challenge is the need for effective governance and management of cloud-
based services.
THANKING YOU