Vol. 13 No. 4 (2023): Vol 13, Iss 4, Year 2023
Review

Cloud computing and its role in the future of business innovation and scalability

Lakshmi Kalyani Chinthala
Ageno School of Business, Golden Gate University, United States of America
Published December 31, 2023
Keywords
  • Cloud Computing, Business Innovation, Scalability, SaaS (Software as a Service), On-Demand Services, Cost-Efficiency, Data Analysis, Computing Power, Cloud Technologies, Flexibility, Agility, Time-to-Market, Vendor Lock-In, Security, Compliance, Infrastructure, Cloud Solutions, Business Operations, Capital Expenditures, Cloud Adoption, Future of Cloud Computing.
How to Cite
Lakshmi Kalyani Chinthala. (2023). Cloud computing and its role in the future of business innovation and scalability. Journal of Management and Science, 13(4), 46 - 49. https://doi.org/10.26524/jms.13.43

Abstract

Cloud computing has rapidly transformed the landscape of modern business, enabling organizations to access computing resources and services over the internet, rather than relying on traditional on-premise infrastructure. This paper explores the significant role cloud computing plays in business innovation and scalability, examining how it enables organizations to adopt flexible, cost-efficient, and scalable solutions. The growth of cloud technologies has provided businesses with access to an array of advanced tools and services, including storage, data analysis, computing power, and software as a service (SaaS), all available on-demand. Cloud computing facilitates innovation by allowing companies to rapidly prototype, test, and deploy new products and services with minimal upfront investment, reducing time-to-market, and promoting a more agile approach to business operations. Furthermore, cloud solutions support scalability by enabling businesses to easily scale their infrastructure to meet fluctuating demands, avoiding the significant capital expenditures associated with maintaining and upgrading traditional hardware. However, despite its many advantages, cloud computing presents challenges related to security, compliance, and the potential for vendor lock-in. This paper provides an in-depth analysis of cloud computing’s benefits and challenges, its role in business innovation, and the future of cloud technologies in shaping business strategies.

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