Significance of Cloud Technology in Business: Solotech Inc. Analysis

This research project examines the significance of cloud technology in storing and sharing information within business organizations, using Solotech Inc. as a case study. The introduction provides an overview of the research, its background, significance, aim, objectives, and research questions, along with a time scale. The literature review explores the importance of digital tools, various digital tools used by Solotech Inc., the role of cloud computing, and its relevance. The methodology outlines the type of research, research design, philosophy, approach, data sampling, and ethical considerations. The subsequent sections present data analysis, findings, recommendations, and ethical considerations. The report concludes with a self-reflection and a conclusion, supported by references. The project investigates the impact of cloud technology on data management, efficiency, and overall business operations, highlighting the benefits of digital tools and cloud computing for a global company like Solotech Inc.

Research Project

Table of Contents
1: INTRODUCTION.......................................................................................................................1
Overview of the research........................................................................................................1
Background of the research....................................................................................................1
Significance of the research....................................................................................................2
Research Aim and Objectives................................................................................................2
Research questions.................................................................................................................3
Time Scale..............................................................................................................................3
2: LITERATURE REVIEW ...........................................................................................................4
Importance of digital tools and techniques within business organisation..............................4
Various digital tools which helps Solotech Inc. to protect more data and information........5
Role of cloud computing in manipulating and storing data...................................................6
Relevance of cloud technology for Solotech Inc....................................................................6
3: RESEARCH METHODOLOGY................................................................................................7
Type of research.....................................................................................................................7
Research design......................................................................................................................7
Research philosophy...............................................................................................................8
Research approach..................................................................................................................8
Data sampling.........................................................................................................................8
Ethical consideration..............................................................................................................9
4: DATA ANALYSIS AND INTERPRETATION.........................................................................9
5: FINDINGS TO STAKEHOLDERS .........................................................................................21
6: RECOMMENDATION ............................................................................................................21
7: ETHICS IN RESEARCH..........................................................................................................22
8: SELF REFLECTION ................................................................................................................22
9: CONCLUSION..........................................................................................................................23
REFERENCES .............................................................................................................................24

TITLE – To ascertain the significance of cloud technology in storing and sharing
information within business organisation. A case study on Solotech Inc.
1: INTRODUCTION
Overview of the research
In this era of digitalisation, whole lifestyle of individuals relies upon digital tools and
techniques as these equipments make human beings life more easier and flexible. Corporate
world also get affected by digitalisation, many large and small business entities are tend towards
applying new and innovative technologies within its working processes. It leads to manage flow
of production and business operations in an effective manner. Although, technology starts with
modifying the way of doing business in an apparent effort for gaining high competitive edge
over rest of external rivals (Beetham and Sharpe, 2013). The key factor for successful digital
transformation is to provide solutions and services targeted to vertical markets. Cloud technology
brings potential benefits to small businesses, like – enhancing productivity and costs savings. It
constitutes the way by which business associations provide services with computing resources
which implies cloud technology growing at fast pace.
The present research is based upon Solotech Inc. which engaged in providing solution
towards broadcasting, radio and monitoring to retail businesses and educational institutes. The
firm is founded in 1977 and presently serve its services over the world. Solotech Inc. also offers
service regarding video, lighting and rigging systems for festivals, live shows, touring and
television shows. For effective functioning and manage systematic flow of information, the
business entity uses cloud technology; it supports to smoothly completion of all business
activities. In order to, decide whether to adopt and utilize cloud computing companies need to
consider carefully its benefits and risks. However, an enthusiasm about cloud computing often
provokes a certain level of scepticism. Cloud technology allows organizations to use their
hardware and software investments in more prompt ways and obtain high competitive edge.
Background of the research
Cloud technology is consists as key elements which integrates potential relation with
business and will take company to new heights of success by giving its fruitful outcomes in
certain time period. The element helps in raising firm's performance and its efficiency to deliver
persuasively over market (Benckendorff, Sheldon and Fesenmaier, 2014). In addition to this,
cloud infrastructure assists organisational environment proactively by powering virtual services
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rather than physical products and hardware as well as improving energy efficiency, cutting down
paper waste etc. Although companies like – Solotech Inc. which operates at international level
are required to keep safe and secure their data and information. The firm specializes in audio,
lighting, video, and controlling systems. Solotech Inc., provide suggestions in field of
broadcasting, radio, retail business, monitoring, educational institutions, corporate projects,
museums and exhibitions and emerging music to restaurants, hotels, clubs, and casinos. It serves
its customers in Canada and internationally. Therefore, execution of cloud technology support
the company in order to reduce human efforts and improving the credibility of their operations
by making them goal oriented.
Significance of the research
The present research will be conducted to identify the impact of cloud technology in
managing relevant data and information in a business association. In current business epoch, all
firms want to gain high profit margins and for the sake they are focusing on keep securing
necessary data and information; thus to use it in future and grab better opportunities (Bizirgianni
and Dionysopoulou, 2013). In this relation, cloud technology is one of the most imperative
component which represents numerous opportunities to a business, i.e. reduce costs through
leverage cloud environment, bring a wider product portfolio at global marketplace to access
larger complex infrastructure and expand services at fast pace and economic manner.
Research Aim and Objectives
A research aim insists with overall purpose of the study and it implies what a researcher
hope to achieve. It should be clear and concise and based to address long term project outcomes.
Research Aim - To ascertain the significance of cloud technology in storing and sharing
information within business organisation. A case study on Solotech Inc.
Research objectives
Research objectives focus on the ways which are used to measure variables. It is closely
related with the statement of problem and include obtaining answers to research questions or
testing the research hypothesis. There is given some objectives of this research project, such as -
 To identify the importance of digital tools and techniques within business organisation.
 To evaluate digital tools which helps Solotech Inc. to protect more data and information.
 To determine the role of cloud computing in storing data and information.
 To find out relevance of cloud technology for Solotech Inc.
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Research questions
Research questions – It defines the area of interest and starts with research problem.
Although research questions is an issue to which someone would like to know more and more
about given situation or problem statement. Some of the following research questions are -
 What is the importance of digital tools and techniques?
 Which kind of digital tools help Solotech Inc. to Protect more data and information ?
 What is the role of cloud computing in manipulating and storing data ?
 Why cloud technology is important for Solotech Inc. ?
Time Scale
It is the foremost duty of researcher to prepare an appropriate time frame thus to
accomplish study in systematic manner. A time frame is a well structure plan which defines
various activities to be done in research with their completion time. Here, activities are assigned
on the basis of priority and its an effective way to achieve desired outcomes of research project
by optimal utilisation of available resources.
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2: LITERATURE REVIEW
Literature review consists a critical evaluation as well as integration of information from
various sources. It consider the gap between literature and possibilities for future research. This
chapter firstly reviews background information about cloud computing on the basis of earlier
studies, including cloud computing definition, its benefits and role of digitalisation in business
processes (Brynjolfsson and McAfee, 2012). Along with this, the main focus of academic
research is to summarize the arguments and ideas of others without adding new contributions.
Importance of digital tools and techniques within business organisation
In this dynamic business world, corporations are focused to address market trends and
changes in environment thus to produce products accordingly. According to Brynjolfsson and
McAfee, (2014) introduction of digitalisation has changed the scenario of doing business and
management of activities as well. Modifying business processes from analog to digital, now
companies are not only limited with geographical area as they are obtaining high global reach by
making certain modifications within business processes.. Computers, digital marketing software,
networking, accounting systems etc. are the main digital techniques which can be acquired by
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small businesses to improvise their functional areas for smooth working practices. Apart from
this, rapidly changing customers' demands also can be assessed through use of digital tools, i.e.
social media sites, e-mail, text messages etc. Digital business transformations are driven by key
elements, such as- Innovative Technology, customer behaviour and market demand and also
environmental factors. If a firm can easily cope up with such elements then it will surely attain
its desired goals and objectives in a certain period of time. Technological innovations lead to
technology disruptions. In this modern era, business processes moves away from their legacy
systems to digitalisation by adopting modern technology like a cloud. Big data, IoT, RAD etc. all
these aspects brings value for small businesses like – Solotech Inc. enhance speed, less efforts,
cost, time and deliver best outcomes. Digital techniques offers new products and digitalise
existing business models thus serve effectively to target audiences. Therefore, providing a
delightful experience to customers in each aspect of delivery will obtain consumers' loyalty in a
way that they can speak about the brand (Buhalis and Foerste, 2015). However, many small
enterprises also uses CRM (customer relationship management) software in order to recognise
customers need and wants then produce accordingly.
Various digital tools which helps Solotech Inc. to protect more data and information
With the opinion of Cohen and et. al., (2014) most of the successful business association
uses technology in order to boost up their productivity, communicate efficiently and track
customers. Development of digital tools and techniques create an exciting agile working
environment which engages employees, provide them faster information and reduce processing
time. To stay ahead in competition, Solotech Inc. has acquired digital technology in its working
processes which protect more data and information to customers.
Cloud data protection – Encryption of sensitive or confidential information is very
important for businesses. As they can apply CDP (cloud data protection) which protect business
from unwelcomed government surveillance and remove biggest impediments to cloud
acquisition which relates with security, compliance, and privacy concerns.
Big data encryption: Adoption of encryption and further obfuscation tools help small
enterprises to obscure data in context of databases and data stored within computer software of
big data platforms. It preserves' personal privacy, attain compliance and decrease the impact of
cyber attracts (Del Chiappa and Baggio, 2015).
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Role of cloud computing in manipulating and storing data
Cloud computing is an emerging trend in field of digitalisation, it is evolved from grid
computing and distributed computing. Cloud plays an important role within large and small
business organizations for managing confidential data with limited resources, supporting
collaboration and enhancing efficiency. According to Di Pietro, Di Virgilio and Pantano, (2012)
cloud technology is become one of the most discussed IT innovation in present technological
market. Cloud computing is expected to grow from $67B in 2015 to $162B in 2020 securing a
compound annual growth rate (CAGR) of 19% (The 5 Benefits & Role of Cloud Computing in
Digital Transformation, 2017).
Apart from this, in order to execute digital transformation strategy firms are required to
pivot their business processes several times. Cloud technology saves a business from scuffle of
investing in IT resources by rendering essential computing platforms and infrastructure. It
generates an environment where companies firms can build themselves, test and deploy
applications without implementing complex infrastructure. Along with this, cloud technology
also allows a business that files can be accessed from one place to another at any time. It helps in
implementing the environment of collaboration and teamwork within business organisation.
As Solotech Inc. deals at international level thus it requires to store vast range of data so
as to keep imperative decisions and seize better opportunities. In this manner, the firm acquire
cloud technology in order to obtain necessary information and data (Dickinson and et. al., 2014).
Before introduction of cloud technology, businesses were required to purchase and maintain
expensive information management technologies but after innovation of cloud technologies firms
are allowed to offer their products via the web which is cost effective for them.
Relevance of cloud technology for Solotech Inc.
Egger, (2013) stated that cloud technology is one of the crucial tool that enables to handle
the source of information and data in systematic manner. Basically, it is an on-demand service
model for IT provision, often based on virtualisation and distributed computing technologies. In
present business scenario, prior objective of business to stay ahead in competition and retain
successful by improving their performance level and output volume. Therefore, the main
relevance of cloud computing for small enterprises to store effective information and share it at
the time of requirement. It preserve information by keeping it safe and secure for long run
period. Most of SMEs are tend towards enlarging the area of their business operations by
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applying innovative and new technologies. Cloud computing renders numerous advantages to
firms, i.e. reduce time and cost, manage proper flow of information, effectively completion of all
tasks, reach out at wide range of customers etc.
3: RESEARCH METHODOLOGY
For conducting analysis, it is necessary arrangement is required in better manner. It is one
of the major part of research entity which can help in conducting research for whole effective
investigating work and also it is one of the appropriate source. To satisfying whole examination
work, there are various process and methods that are necessary for an organization (Ruiz-Molina,
M. E., Gil-Saura and Moliner-Velázquez 2011). The consideration is divided into various parts
and it will directly affect on analyzing the major conclusion in better way.
Type of research
There are various types of investigation. There are various types of research which has
been selected by investigator. Along with this, there are two different types of research such as
quantitative and subjective so this will frame specific idea of research. In this, subjective
investigation is depend on data nature. In this part, researcher are going through for highlighting
various techniques and methods that will assist in acquiring required facts and figures which help
in achieving desired goals and targets of the company in better way. Along with this, there are
two types of methods such as qualitative and quantitative where qualitative method is very useful
for making specific development of project. Quantitative research method can be used for
gathering or collecting theoretical practices and it is that procedure which will assist in
assembling required facts and figures in systematic manner. Therefore, qualitative method is that
form of research which mainly concentrate on resources quality that can be used by investigator
in such project.
Research design
This is that investigation design which are determined as major section of research
procedure that are used for evaluating investigation procedures in systematic way. Along with
this, it is the decision of researcher which has been design to conduct appropriate process of
research in better manner. In this part, there are three types of research design that includes
descriptive, exploratory and experimental research design. The investigation exploratory design
can be used in qualitative which has been conducted in effective way (Sigala, Christou and
Gretzel,, 2012).
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On the other hand, descriptive research design is determined regarding evaluating issues
or problems which are required to solved and it is consider as objective examination. Most of the
investigator used primary method of research so this will assist in examining accurate data and
information in proper manner.
Research philosophy
This is that method of research where different ways of collecting data and information
with the help of researchers. In this section, investigation project as been discussed regarding
collecting or gathering accurate facts or figures in better manner. There are two types of research
philosophies that can be used in this that are interpretivism and positivism. In the current
investigation, interpretivism research project can be used effectively. In addition to this, it will
assist in conducting effective procedure of research towards right direction. Such form of
research has been selected because qualitative method has been used in this part. This has been
established on the basis of their nature and its role in various factors. Researcher will try to make
efforts to evaluating person behaviour and attitude within working environment.
Research approach
This is a most effective tools of research in which data collection is analysed on the basis
of several exercise and effective ways. Main objective of research process is to gather most
authentic information and data on the basis of several research approaches. In this process,
analyst can adopt one specific approaches in between inductive and deductive method. In this
research project, information is collected on the basis of inductive research method by researcher
in which data is represented through qualitative approach. The method of research is provide
information on the bases of faces, figures and individuals information to coming on final results
properly. For this researcher needs to conducts a proper research plan in order to manage
information on the basis of specific sources and managing tools. Through this, investigators can
properly analyse data with authenticate conclusion and result. Inductive approach provide
maximum opportunity in order to analyse research objectives effectively.
Data sampling
This information of research project is based on several tools and techniques in which
individual needs to gather information by analysing most appropriate technique. Data sampling
approach uses to gather authenticate information from large number of population in which
researcher choose alternate individual for sampling as effective respondents. These sample are
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collected on the basis of random sampling approach. Through this research can analyse effective
information from several services user to analyse their opinion and views in effective manner. In
this research topic sample size is selected as 50, so as these candidates will asked alternative
question in order to garbing authenticate data and information and sources. That questions are
related to organisation's objectives that requires to implement after analysing individual's views
as well as opinions. The data sampling approaches are determine in two different techniques as
probabilistic or non probabilistic. All these methods determine different information to
researcher in order to classify business objectives effectively. For this research project most
authentic and appropriate technique is Non-probabilistic method that has taken by investigator.
Through this, information are being determine most appropriate detailed approach in order to
reach on final objective properly.
Ethical consideration
This is a most important approach of data collection and research analysis in which data
should to be based ethical views and sources that provide appropriate information to researcher.
Through this, analyst can easily resolve problem and issues of research approach in order to get
effective results easily. Research faces various issues while collecting authenticate information in
which data represented properly. For this, analyst needs to understand that they should avoid
illegal approaches and methods for them same. In this process, researcher needs to focusing on to
manage information in confidential manner to manage final results in effective manner. All these
approaches provide authenticate and effective results to others for brief information. Through
this researcher can resolve issues and conflicts in order to manage data in proper way by
enhancing them properly. Major issues that analyst face while conducting a research are honesty,
carefulness and data protection as confidentiality. s in order to manage data in proper way by
enhancing them properly.
4: DATA ANALYSIS AND INTERPRETATION
Q1. Does cloud computing plays a vital role in storing and sharing business data and
information?
A. Yes
B. No
Q2. Which is one of the most imperative tool acquired by Solotech Inc. to manage its
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confidential information?
A. Cloud Computing
B. Internal Storage Frame Work
C. External Storage Service Provider
Q3. Which department of Solotech Inc. mostly uses cloud technology ?
A. Accounting department
B. Human resource department
C. Information technology department
Q4. What is the main reason behind adoption of cloud technology for small business
enterprise?
A. It reduces employees' work load.
B. Data outsourcing save time and costs
C. Makes operations more credible
Q5. Which type of services helps Solo-tech Inc. to attain competitive advantage??
A. Software as service (SaaS)
B. Platform as service (PaaS)
C. Infrastructure as service (IaaS)
Q6. What kind of tool used by Solotech Inc. for protection of their personal data?
A. ISO standard for IT security
B. Firewall
C. Rule books for personal data protection
Q7. What are the major benefits of cloud computing ?
A. Cost saving on hardware and software
B. Ability to rapid launch new products and services
C. Pricing flexibility
d. Better collaboration across teams
Q8. What are the greatest barriers for adoption of cloud computing in Solotech Inc. ?
A. Reliability
B. Lack of ability to customise
C. Lack of management understanding
Q9. For which types of applications Solotech Inc., use or plan to deploy into a cloud within
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