Home > Uncategorized > Risks Versus Value in Outsourced Cloud Computing

Risks Versus Value in Outsourced Cloud Computing

“Cloud computing is one of the most widely discussed technology trends today. But it’s more
than hype — it’s a game changer in its ability to deliver value to a business. Cloud computing improves a company’s ability to flexibly scale services up and down. It reduces costs; suppliers note that the cloud is an optimized environment, allowing the delivery of information technology services at a lower cost than enterprise set-ups.

Cloud infrastructure can save 40 percent to 50 percent in up-front costs. And it allows pricing model flexibility, including paying per use, low or no up-front costs, no minimum spend and no long term commitment.

The IT industry is attempting to woo enterprise buyers to the cloud and, as with other outsourced business functions, financial services firms are among the early adopters. However, financial executives need to be careful when considering a move to the cloud. Although it can bring value, crossing through that gate also puts a company in a danger zone.”  By Ross Tisnovsky

This excerpt is from an article published in the Nov 2010 issue of Financial Executive magazine.  Download the full article at www.billhubbell.com

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