Cloud Computing ABCs: B is for Business Benefits (and Risks)
Transforming Banks for a Digital Future: The Winners, The Losers, and the Strategies to Beat the Odds
There is a need for deep understanding of the business benefits and risks of cloud computing. From a benefits perspective cloud services provide:
- A simple value proposition
- Easy, fast and low-cost deployments
- A payment system based on usage
- Elastic scalability and improved asset use
- The strength of third-party on-demand capability and efficiency
- Continual system currency and maintenance
- New opportunities for cross-company community collaborations
- Renewed focus on the strategic areas of the IT function
Looking at the risks, which can be minimized with the right approaches, major concerns include:
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