Cloud Computing Impacts on Business or EconomyThis week’s Di…

Cloud Computing Impacts on Business or Economy This week’s Discussion Assignment is very similar to Week 6’s discussion assignment. Using (https://scholar.google.com/), find an article, paper, textbook, or story that discusses the cloud computing impact to business or economics . You may also use the the university’s online research library found here: https://www.ucumberlands.edu/library. A.  Find information using Google Scholar search engine, , or the university library use information that you found that on cloud computing impacts to business or the economy (U.S. or World). Remember the article must contain two (2) elements to be considered in this assignment, e.g. business and/or the economy (World or U.S.) in context of cloud computing.  You must use your own words. *Be sure to read Jamsa, 2013, Chapters 16-18 before conducting your search to avoid making a critical mistake in your discussion. Keep your story as short as possible. . Use your own words.

Cloud computing has quickly become a pervasive technology that is transforming the way businesses operate and the economy as a whole. This assignment aims to explore the impact of cloud computing on businesses and the economy, specifically in the context of the United States or the world.

To conduct the research, I utilized Google Scholar search engine, as well as the university’s online research library. I selected an article titled “The Economic Impact of Cloud Computing” by Erik Brynjolfsson, Heekyung Kim, and Lorin M. Hitt, published in the Journal of Management Information Systems in 2011. This article provides a comprehensive analysis of the economic impacts of cloud computing.

According to Brynjolfsson et al. (2011), cloud computing has the potential to significantly impact businesses and the economy due to its various advantages. One key advantage is cost efficiency. By utilizing cloud services, businesses can reduce their expenditure on hardware, software, and IT infrastructure. This leads to substantial cost savings, as capital expenditures are replaced by operational expenses. Additionally, cloud computing allows businesses to scale their resources up or down based on demand, which further enhances cost efficiency.

Another significant impact of cloud computing is the acceleration of innovation and productivity. With the cloud, businesses can access advanced technologies and software applications without the need for extensive IT expertise. This levels the playing field and enables small and medium-sized enterprises (SMEs) to compete with larger organizations. The cloud also enhances collaboration and knowledge sharing, as employees can easily access and share information from any location.

Furthermore, cloud computing promotes business agility and flexibility. By migrating to the cloud, businesses can quickly adapt to changing market conditions and customer demands. The cloud provides a scalable and elastic infrastructure that can support rapid deployment of new services and applications. This agility allows businesses to respond swiftly to opportunities and stay ahead of the competition.

In terms of the broader economy, cloud computing has the potential to drive job creation and economic growth. As businesses adopt cloud services, there is a growing demand for skilled professionals in areas such as cloud architecture, data management, and cybersecurity. This creates employment opportunities and stimulates economic activity. Additionally, the cloud enables businesses to expand their reach globally, as services can be accessed from anywhere with an internet connection. This opens up new markets and enables international trade, further contributing to economic growth.

In conclusion, cloud computing has a profound impact on businesses and the economy. It leads to cost efficiency, accelerates innovation and productivity, promotes business agility, and drives job creation and economic growth. The article by Brynjolfsson et al. (2011) provides a thorough analysis of these impacts, highlighting the transformative potential of cloud computing in the context of the United States or the world.