Cloud Computing Essay Example | Topics and Well Written Essays - 500 words - 2

Cloud Computing - Essay manakinGiven the close linkages between financial function firms and cutting edge technology, it makes for eminent business gumption to detain on top of the convergence that is happening between IT and financial services.Cloud computing is fixture the way business is done and the way business services atomic number 18 provided by bringing round a paradigm shift in the way excess computing power and storage quadriceps can be used. Cloud Computing works by aggregating the computing power of individual computers and because centralizing the same so as to derive maximum advantage for the users. Since UVW does not have to place in additional capacity whenever it takes on more users, we stand to gain from the double benefit of efficiencies from economies of dental plate and cost savings because of outsourcing our requirements to providers of cloud computing services.For UVW to remain competitive in the financial services market, we train to embrace next g enearned run averagetion IT services like what other global financial conglomerates like Goldman Sachs are doing by renting out cloud providers to host their data and provide them computing power. The use of seaward datacenters by these financial services firms has helped them to cut their IT costs significantly. In the context of the financial services firms undergoing an era of rapid change in the way they do business, it is necessary for UVW to embrace innovation and be at the forefront of emerging technologies. By embracing cloud computing in its business, UVW can thus remain competitive as well as ride the wave of change that is sweeping the financial services