Cloud Computer Accounting Assignment Cloud Computing

CLOUD COMPUTERIZED ACCOUNTING ASSIGNMENT 1. Describe cloud computing Cloud computing refers to the storing of computer data and applications over the internet rather than on home or office network. It allows the sharing of data-processing tasks, online access to computer services and resources and centralized data storage. Instead of installing applications locally on your personal computer, applications are stored on a remote â€Å"cloud† server that you access through your web browser. Rather than every user having their own copy to install maintain and upgrade, a single cloud application at a single location can be shared by multiple users. 2. Highlight the benefits and potential problems with cloud computing There are many benefits of cloud computing. First of all, it allows easy access to information from anywhere at any time. Any user with an internet connection can easily access the cloud and the services it provides. Since these services are often connected, users can share information between multiple systems and with other users. Another advantage is its cost efficiency. Cloud computing is probably the most cost efficient method to use, maintain and upgrade because users pay only for the resources that they use, upgrades are automatic and scaling up or down is easy. Moreover, the cloud is available at much cheaper rates and can significantly lower the company’s IT expenses. There are also one-time-payments, pay-as-you-go and other options available. Furthermore, theShow MoreRelatedAnalysis : Cloud Computing Essay1353 Words   |  6 PagesSummary Analysis Cloud Computing is a fairly new term used to identify a type of computer connectivity, IT services and on-demand delivery offered via the web. The way that it works is, Cloud Computing offers an easy approach to accessing servers, storage, databases and a wide set of request over the Internet. 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