We’ve hit October. Nearly no more the year with Christmas and Holidays around the corner. Are your accounts done and completed by your accountant yet?
They should be.
I f your financial statements are not complete as well as your tax returns aren�t filed by now, 7 months after March it
could just be time to get a new accountant.
Cloud computing, the next step on the path to better use of computing resources, is a disruptive technology which is changing the way enterprises look to meet their IT software and hardware requirements. Cloud computing is really a mix of the latest ideas, technology and delivery models including Infrastructure being a Service (IaaS), Platform as a Service (PaaS) and Software as a Service (SaaS), as well as other models in the IT sector designed to use the Internet for delivering services to the user. Users can access infrastructure namely, the servers, software, and knowledge center space or network equipment; the necessary computing platform and solution stack to get a building an application, within the cycle of development, testing, deployment, hosting and maintenance; and also most of the regular computer programs; these are all provided cheaply and efficiently over the Internet.
Some of the benefits of the Cloud are listed below:
Decreased Costs: The Cloud eliminates the requirement for each user to invest in stand-alone servers or software that’s capital intensive, but under-utilized more often than not. As technological innovations happen, these resources become obsolete and ought to be replaced with the latest in order to ensure operational efficiency – requiring more capital investment – and the cycle repeats. The Cloud eliminates the necessity for such ‘replacement’ capital expenditure.
Many users share a Cloud leading to distributed costs and economies of scale as resources including real-estate, bandwidth, and power, are centralized. The enterprise also will save on overheads such as management costs, data storage costs, costs of software updates, and qc and is able to use Cloud services at economical rates.
Scalability and Speed: Enterprises will no longer have to invest time in buying and setting up the hardware, software along with other resources necessary for a fresh application. They can quickly scale up or scale down their usage of services around the Cloud as per market demands, during hours of maximum activity, while launching sales campaigns, etc. Cloud services are most typically reliable, since many service providers have data centers in multiple locations for keeping the processing near users.
Innovation: Enterprises can concentrate on innovation, as they do not must own or manage resources. Cloud computing facilitates faster prototype development, testing and validation. Research and development projects or activities where users have to collaborate for a task/project are specially benefited.
Convenience: Sharing of infrastructure and charges ensures low overheads and immediate availability of services. Payments are billed based on actual consumption only. Information on billing are made available by the service provider also serves to test costs.
Other than an Internet-connected device, special equipment or specially-trained manpower isn’t needed. One-off tasks can be executed on the Cloud. High-speed bandwidth ensures real-time response from infrastructure located at different sites.
Location Independence: Providers can set up infrastructure in areas with lower expenses and pass on the main benefit. They can set up multiple redundant sites to facilitate business continuity and disaster recovery. This can help the enterprise lower your expenses further.
Optimal Resource Utilization: Servers, storage and network resources are better utilized as the Cloud is shared by multiple users, thus minimizing waste at a global level. Cloud computing is more environment-friendly and energy efficient. Down-time is cut and optimization of resources across enterprises about the Cloud is achieved.
Flexibility: Users can opt out anytime and thus gain a higher level of operational flexibility. The help are covered by service level agreements and the service provider is required to pay a penalty if the quality decided to is not provided.
Device Independence: Applications provided from the Cloud can be accessed from the device – some type of computer, a smartphone, an iPad, etc. Any device which has access to the Internet can leverage the effectiveness of the Cloud.