Exploring Cloud Computing: Economic Benefits and Virtualization Impact

This report provides an overview of cloud computing, defining it as a service delivered via the internet that allows users to access applications and files from various devices and locations. It highlights the advantages of cloud computing, such as cost savings, reliability, manageability, and strategic edge, while also acknowledging disadvantages like security concerns, network downtime, control limitations, and vendor lock-in. The report emphasizes the economic benefits of adopting cloud computing, including reduced capital expenses, lower operational costs, and affordable scalability for businesses of all sizes. Furthermore, it discusses the virtualization of cloud technology and its benefits for both companies and data centers, such as increased resource efficiency, improved employee productivity, server capability maximization, and reduced energy consumption. Finally, the report evaluates hybrid clouds, posing key questions for developing hybrid cloud management tools related to platform choice, vendor lock-in, scalability, neutrality, multi-use, central management, performance, APIs, version control, cost, and vendor reputation.

Cloud Computing
Name of the Student
Name of the University
Author’s Note

What is
Cloud?
• Cloud computing is a service that is
delivered using the internet and using
cloud computing an user can access
application, files from different device
and different geographical location.
Different hardware and software is
used for delivering the service in then
network.
• The cloud computing is used for
different purpose such as file storage,
backup of data, data analytics, etc.

Advantages
and
disadvantages
of moving to
cloud platform
Advantage
• Cost savings
• Reliability
• Manageability
• Strategic Edge
Disadvantage
• Security
• Network Downtime
• Limitation of control
• Lock-in of vendor

Economic
benefits for
the adoption
of cloud
• The implementation of cloud
computing in the current business
helps in reducing the capital expenses
required for the in house server and
application.
• The operational cost can also be
reduced such as air conditioning,
administration and power costs.
• The payment is given for the usage of
service and the need of investment of
capital is eliminated.
• Affordable even for the small scale
business enterprise and can grow with
the growth of the business.

Virtualizatio
n of cloud
technology
Benefits for the company
• Removal of utility requirement and special hardware
• Increasing the efficiency of resource management
• Increasing the productivity of the employees by
providing better accessibility
Benefit for the Data centre
• Server capability maximization and reduction of
operation and maintenance cost
• Less consumption of energy and manpower causing
less footprint

Evaluation
of hybrid
clouds
There are different questions that should be
looked for the development of hybrid cloud
management tool
• Choice of platform
• Lock-in of vendor
• Scalability
• Neutrality for private or public cloud
• Multi-use
• Central management
• Performance and functionality
• APIs, GUI, Policies
• Version control
• Cost
• Reputation of the vendor

Bibliograph
y
• Jain, R. and Paul, S., 2013. Network
virtualization and software defined
networking for cloud computing: a
survey.
IEEE
Communications
Magazine,
51(11), pp.24-31.
• Oludele, A., C. Ogu, E., ‘Shade, K. and
Chinecherem, U. (2014). On the Evolution
of Virtualization and Cloud Computing: A
Review.
Journal of Computer Sciences and
Applications, 2(3), pp.40-43.