Authors :
Maduabuchukwu Augustine Onwuzurike
Volume/Issue :
Volume 9 - 2024, Issue 5 - May
Google Scholar :
https://tinyurl.com/yuw626r7
Scribd :
https://tinyurl.com/5befp2pa
DOI :
https://doi.org/10.38124/ijisrt/IJISRT24MAY1039
Note : A published paper may take 4-5 working days from the publication date to appear in PlumX Metrics, Semantic Scholar, and ResearchGate.
Abstract :
In today's world, cloud computing has become
a new way of thinking about technology that promises
many benefits to businesses. Businesses can cut down on
capital costs, improve agility, and better use their
resources by using virtualized and scalable computing
resources provided over the Internet. Moving to the
Cloud, however, brings new problems and risks that
must be carefully considered. The article carefully
considers the pros and cons of using the Cloud for
businesses from a strategic point of view. We put
together key benefits like lowering costs, growing, and
being flexible in business by looking at literature from
different areas, like management, computer science, and
information systems. At the same time, we look at the
most common risks, such as security issues, being locked
into one vendor, following the rules, and losing control
over data and systems. It also suggests a decision strategy
that businesses can use to systematically figure out if
cloud computing is a good fit for their specific operations.
Our study adds to the body of academic knowledge by
promoting a more complete understanding of the
strategic effects of cloud computing. It also gives
practitioners a strong analytical lens to help them
understand the complexities of this paradigm shift.
Keywords :
Cloud Computing, Strategic Advantages, Scalability, Security Risks, Vendor Lock-In, Business Agility, Cost Optimization, Compliance Challenges.
References :
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In today's world, cloud computing has become
a new way of thinking about technology that promises
many benefits to businesses. Businesses can cut down on
capital costs, improve agility, and better use their
resources by using virtualized and scalable computing
resources provided over the Internet. Moving to the
Cloud, however, brings new problems and risks that
must be carefully considered. The article carefully
considers the pros and cons of using the Cloud for
businesses from a strategic point of view. We put
together key benefits like lowering costs, growing, and
being flexible in business by looking at literature from
different areas, like management, computer science, and
information systems. At the same time, we look at the
most common risks, such as security issues, being locked
into one vendor, following the rules, and losing control
over data and systems. It also suggests a decision strategy
that businesses can use to systematically figure out if
cloud computing is a good fit for their specific operations.
Our study adds to the body of academic knowledge by
promoting a more complete understanding of the
strategic effects of cloud computing. It also gives
practitioners a strong analytical lens to help them
understand the complexities of this paradigm shift.
Keywords :
Cloud Computing, Strategic Advantages, Scalability, Security Risks, Vendor Lock-In, Business Agility, Cost Optimization, Compliance Challenges.