Technology is definitely the driving force in our world today. All it takes is one look around a room to see someone either on a tablet or smartphone, but how does technology impact business and what trends are there in the information technology field? Currently, cloud computing is one of the most talked about trends in the IT field and for good reason. The cloud gives unprecedented amount of the way a business is run from accounting systems all the way to process control. What is even greater is the impact it has on the global economy. The world is being revolutionized by cloud computing.
“Google and “Amazon” were the original firms that provided cloud computing services. “Google and “Amazon’s” analysts said that cloud computing was “on-demand access to virtual information technology resources” (Budriene, Zalieckaite, 2012, p.119). The cloud is simple, it allows businesses to access IT resources over the Internet. Budriene and Zalieckaite (2012), says “Cloud computing is a new conceptual paradigm for business which combines into a single environment not only applications, architecture and business models, but a variety of professionals for performance of common business tasks in the Internet medium,” (p. 120).
The global technology research and consulting firm “Gartner” reports that in 2013 cloud computing services are estimated to be worth 150.1 billion dollars. This number has tripled since 2009 when cloud computing services equaled 56.3 billion dollars. The 56.3 billion dollars reported for 2009 is 21.3 percent more than was recorded in 2008. This data shows that cloud computing services are becoming an increasingly profitable and growing field. According to a survey by “Gartner”, 81 percent of company managers see differen...
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...ort of evened the playing field for small to medium businesses around the world with the ability to acquire information technologies equal to what big businesses have. The effect of cloud computing has also been felt in the field of accounting where financial reports with real time numbers can be seen by the internal managers and external stockholders which allows for amazing flexibility.
References
Budrienė, D., & Zalieckaitė, L. (2012). CLOUD COMPUTING APPLICATION IN SMALL AND MEDIUM-SIZED ENTERPRISES. Issues Of Business & Law, 4199-130. doi:10.520/ibl.2012.11
Christauskas, C., & Miseviciene, R. (2012). Cloud -- Computing Based Accounting for Small to Medium Sized Business. Engineering Economics, 23(1), 14-21.
Heenetigala, K., & Armstrong, A. (2010). The Use of Internet Reporting for Small Business. Journal Of Business Systems, Governance & Ethics, 4(4), 41-52.
As its core essences cloud computing is nothing but a specialized form of grid computing and distributing computing’s which various in terms of infrastructure , deployment, service and Geographic’s dispersion (Veeramachanenin, Sepetember 2015) the cloud enhance scalability, collaboration, availability , ability to adapt to fluctuation according to demand accelerate development work and provide optional for cost reduction and through efficient and optimized computing. (BH kawljeet, June 2015) cloud computing (CC) recently become as a new paradigm for the delivery and hosting of services our the internet. There are mainly three service delivery model Software as Service (SaaS) required software, operating system and network is provided or we can say in SaaS the customer can access the hosted software instead of installing it in local computer and the user can access these software through local computer internet browser (e.g web enabled E-mail ) the user only pay and the cloud service provider is responsible for management or control of mobile cloud infrastructure some of the company which provide such service are Google, Microsoft , Salesforce ,Facebook, etc…..Infrastructure as Service(IaaS)the cloud provider only provide some hardware resources such as network and virtualization is
Information technology has advanced in multiple ways in society, where organizations has implement the structure into their work environment. Industries have outsource their manufacturing to other places in the world and rely on telecommunication to keep the marketing. The geographic distribution has changed significantly by reducing the distance it takes to complete an operation, due to information technology. These are just a couple of examples of how this advanced technology has reshape our society and continuing.
Cloud computing is the transfer of computing data or information into Internet. Cloud computing services allows individuals and businesses to
Albrecht, W. S., Stice, J. D., Stice, E. K., & Skousen, k. F. (2002). Accounting Concepts and Applications. Cincinnati: South-Western.
...Implementation of cloud systems can be implemented in stages with costs that coincide with usage. The ROI outweighs the issues or problems that could occur. Cloud computing gives a competitive advantage of being able to keep up with changes in technology without having the cost involved. Amazons cloud computing allowed companies like Ericsson to remain competitive and thrive.
The term “Cloud” is very popular among entrepreneurs and marketers, but it simply means the wonders of Internet. Cloud computing shares the same concept as utility computing, in which all the computers are connected through a network and shared computing resources, such as computation, storage and services, over the network. Typically, there are three major models of cloud computing services on the market, which are software as a service (SaaS), platform as a service (PaaS), and infrastructure as a service (IaaS).
Over the past several years the term cloud computing has become common in homes and organizations alike. Cloud computing can be defined as a pooled set of computing resources that are furnished via the internet. There are three types of cloud services typically available, these services are Platform as a Service (PaaS), Infrastructure as a Service (IaaS), and Software as a Service (SaaS). Organizations can benefit greatly from cloud services because they eliminate the need to buy and manage physical resources. Although such an action cuts cost it leaves organization victim to the vulnerabilities and threats that exist in cloud computing. Throughout this paper I will discuss the vulnerabilities and threats that come along with the adoption of cloud computing. In addition, I will discuss standards and policies that effectively manage the risk associated with cloud computing.
Cloud computing remains firm and has great potential for the future despite its disadvantages and the fact that it is still is a working progress. The number of users are constantly growing and bigger companies are starting to be interested, offering better and finer tuned services and solutions. The best thing to do is to hope that the advantages will further grow and flourish and the disadvantages will slowly disappear, since cloud computing seems to have made IT a little bit easier (Morris, 2011).
According to Professor Clark of APSU, “Accounting has changed more since 1980 than in the previous 4000 years” (Clark, 2016). The prime reason for this exponential growth in the last 35 years or so is the impact the internet has had on all of our lives. As access to the internet grows, more small businesses will be able to grow. The technology, access and speed of the internet will need to continue to match the exponential growth of the technology that uses it. So far, that seems to be the
Today there are no limitations to what technology can do to change the way we do Business. From online malls like(http://www.mall.com) to sites likeE-Bay technology has changed the way we do business. What we can conceive we can achieve. What is coming up next might impact our ways of doing business but the major impact, the major changes have began and what will lead now will be enhancing those changes. We have discussed many ways that technology has impacted our businesses.
In cloud computing, the word cloud is used as a metaphor for “the internet”. So the cloud computing means “a type of internet-based computing”, where different services such as servers, storage and applications are delivered to an organization’s computers and devices through the internet.
The Impact of Information Technology on Individuals, Society and Organizations Information systems and information technology are important in supporting, maintaining and enriching many aspects of livings. They bring benefits to lives of individuals, operations of business and the functioning of society but there are also drawbacks associated with technology and information system. Both good and bad impacts of information system and technology to individuals, organisations and the society will be discussed in detail in the following paragraphs.
Technology has changed modern society drastically, both positively and negatively. Technology has influenced every aspect of our life, making it simpler but not necessarily better. Albert Einstein was concerned about the advancement of technology. "I fear the day that technology will surpass our human interaction."1 Undoubtedly, what has changed the most are communication, the spread of information, and how business is practiced. Consequently, practically everyone knows how to use a computer, connect to the Internet, or use a smartphone. This is demonstrated by the way the Internet is used daily by millions of people to communicate, to sell, advertise, retrieve, and share information. Thanks to the Internet, information from anywhere in the world is at our fingertips. As a result, the advancement of technology has changed our life in many ways including; sharing of information, communication, business, education, social interaction, simplifying everyday tasks, replacing basic skills and jobs.
RG & Co Chartered Accountants, 20 Business Benefits Cloud Accounting has over PC software. Available at: . [Accessed 20 November 2013]
Advances in technology have changed businesses dramatically, in particular the communication and information technology that are conducted in firms, which changed the appearance and pace of businesses over the past few decades. ICT in particular, has evolved a lot over the past 30 years; important information can be stored in computers rather than being in drawers enabling information to be transferred at a greater volume and speed (Guy, 2009). ICT has also expanded various forms of telecommunications and workload conducted in businesses, internet examples of this include: e-mails can be used to communicate with others...