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Cloud Computing and Business Generation PDF

   

Added on  2021-04-16

9 Pages1700 Words41 Views
Running head: CLOUD COMPUTING AND BUSINESS GENERATIONCloud Computing and Business GenerationName of the Student:Name of the University:Author Note:

CLOUD COMPUTING AND BUSINESS GENERATION1Table of ContentsInnovation:.................................................................................................................2Application of innovation in TLE organization:.........................................................2Challenges faced by TLE businesses and their use of cloud computing:....................4Significance of innovation and technology in achieving competitive marketadvantage:.................................................................................................................4History and development of cloud computing:........................................................5Current application:.................................................................................................5Advantages and disadvantages:.............................................................................5Advantages:............................................................................................................5Disadvantages:........................................................................................................6Estimated cost of installation of cloud:....................................................................6References:................................................................................................................7

CLOUD COMPUTING AND BUSINESS GENERATION2Innovation:The term innovation refers to the application of new ways and methods to dothings in order to achieve expertise and efficiency. The global industries like thetourism, leisure and events are undergoing rapid innovation to achieve efficiencyand sustainability. The tourism companies today use technology like cloudcomputing to integrate their business operations to make them more efficient. Application of innovation in TLE organization:The tourism companies today use technology like cloud computing as theirfocal technology to manage their complex business operations. The tourism andevent management organizations today serve several customers having diverserequirements. They have to coordinate various things like destinations,accommodation, flights and cars rentals as per the requirements of the customersor travelers. Again, they have to manage customers having various needs like upperclass leisure customers prefer boutique hotels while business customers likemultinational companies prefer five star hotels with formal environment for theirdelegates. It is clear that they have to coordinate between these customers and anychange in their requirements has impact on the entire booking and pricing of thecompany for particular customers. They are also required to communicate thechanges to the parties like the accommodation owners. This business situationclearly points out that the tourism business organizations require to use technologywhich would enable them to coordinate between the customers and their businesspartners like hotels (Hashem et al. 2015). They are also required to integrate theirinternal process like pricing with the changing customer requirements. Moreover,they also have to avoid error of multiple entry and error of no entry whileaccounting of payments received from customers. Cloud enables the tourismcompanies to gain and share the information with the concerned parties like hotelauthorities and car rental companies. The internal stakeholders like the accountsdepartments can also use information to execute appropriate accounting entries.The marketing departments can store and manage the customer data and use it forfuture business generation as shown below (Rittinghouse and Ransome 2016). Thisanalysis clearly points out that cloud cloud computing help businessorganizations to overcome challenges of managing multiple business

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