What We Do Know About Cloud Computing (Day 2 of 3)

We do not know the future of cloud computing, but one thing we do know is that cloud computing will make a huge impact on the way we do business and in the way we live. According to Federico Etro, an Associate Professor of Economics at the University of Milan, cloud computing will be the next big technology. He mentions in his blog, “Once diffusion gathers apace, cloud computing could significantly boost GDP growth and could create around a million EU jobs within five years.” Cloud computing will affect us fundamentally in all aspects.

Let’s see what will happen as businesses re-orient themselves around the cloud model:

  • Create new capacities to solve new problems that were not addressable before
  • Allow business to focus on innovation rather than maintain all of the legacy systems and services sourced by the business
  • Fundamentally change the organizational structures and models, cultural norms and working dynamics as business centralize their data and outsource their IT infrastructure
  • Transform IT from an asset-focused or technology-centric delivery organization into the strategic service-sourcing control point for the enterprise.

We should understand that cloud computing is not only a technology evolution, but also a business revolution. It enables business to cope with the constantly changing market environment. It is such a transformative force that it can not be ignored.

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