2011 To Be A Banner Year For Business Cloud Computing?
So far, the year 2011 is proving to be one of the most prolific years yet for the cloud computing industry. Innovations have been moving at an electric pace, and developments with certain specialty fields are fast emerging as well.
One of the areas in cloud computing that have seen a significant amount of upgrading in recent weeks is online commerce. Due to improvements in this field, businesses have become much bolder, and would-be entrepreneurs are starting to display more willingness to take risks. Startup companies can bring their business online with just minimal costs, making it much easier to launch Internet based enterprise communities.
If for example, you were to secure financing from a Silicon Valley venture capitalist for your promising business concept, you can factor out from your expenses list any expensive data servers and other similar overhead costs. Instead, you can outsource the building and hosting of your idea to a cloud computing firm.
And since many of these companies offer pay-per-use arrangements, you can easily pull out of a project that is not living up to expectations, with only minimal losses sustained. In cases where your company is showing resilience, you can scale up operations by acquiring higher-end services from your cloud computer server, which is again much cheaper than buying hardware to do the same thing.
By the time your business has grown big enough to require a dedicated data facility for itself, you will most likely be able to buy this from sales proceeds, with no need for extra financing.
As far as financers themselves are concerned, this makes investing much less risky, as they have smaller cash exposures. With cloud computing, it is now possible to realize huge gains from Internet based investments without putting out a large fund outlay, which is contrary to the conventional business concept of large expenditures equalling higher potential financial rewards.
Data collection and analytics is another sector where cloud computing is showing exciting new breakthroughs. Processing large amounts information without spending a huge amount of cash is now possible thanks to the latest technology. Obvious sectors that could benefit from this are governments, educational institutions and financial companies.
One highly promising new product falling under this category is called Billguard, which is able to detect abnormal activity in your credit card purchases by using and comparing different sets of data. Consumers are seen to benefit greatly from this new service, which is especially useful at a time where identity theft and credit card fraud are becoming increasingly commonplace.
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