Digital Technology and Business: Cloud Computing Report for BM565

This report delves into the realm of cloud computing, examining its significance, evolution, and application as a pivotal business instrument. The content encompasses a detailed exploration of cloud computing's core aspects, including its definition, key advantages like scalability and cost-effectiveness, and the technologies underpinning its functionality, such as virtualization and service-oriented architecture. The report also identifies various types of businesses and organizations that leverage cloud computing, with a particular focus on the financial sector. Furthermore, it analyzes the relationship between digital technologies and established, as well as emerging, business and management theories. The report concludes by summarizing the importance of cloud computing, its benefits to businesses and its impact on digital technology and business models like B2B and C2B.

Digital Technology and Business
CLOUD COMPUTING

TABLE OF CONTENTS
 INTRODUCTION
Part A
 Importance of cloud computing
 Development of Cloud Computing
 Technology used in Cloud Computing
 Technological platforms and software used in Cloud computing
 Types of business and organization that uses Cloud computing
 Cloud computing as an effective business tool
Part B
 Nature of the relationship between digital technologies and both old and newly emerging theories on business and
management structures and practices.
 CONCLUSION
 REFERENCES

INTRODUCTION
Cloud computing offers the services related to computing like the storage, servers,
networking, software, intelligence, databases, analytics and much more about the
Internet or web. It also offers an option to the on- premises datacentre through
which everything can be managed like the virtualisation, configuring the firewall,
setting up storage for data, installation of hardware, After completion of all these,
it is important to maintain the complete lifecycle. This report will discuss the
importance of cloud computing, its development, detailed description of the
technology, the technological platforms, the type of business that is uses and the
its use as the business tool.

Importance of cloud computing
 Scalability-Cloud computing permits the user to use many or little
resources as required.
 Saving Costs-Cloud computing assists the businesses to decrease the costs
in numerous ways. Companies only give payment for the resources that
they use and developing this process in a more economic way than having
to purchase and manage their resources.
 Disaster Recovery-All the data that is stored in the cloud backup is faster
and more reliable along with the recovery of the information and the
applications. This implies to all the sizes of the company and the volumes
of the data.
 Security-It is the duty and the accountability of the services of the cloud
providers to examine the security in a careful way.

Development of Cloud Computing
 Edge Computing-As the servers of the company is going through
the decentralisation and the data is ongoing, the edge computing is
becoming more complicated..
 Artificial Intelligence and Machine learning-The artificial
intelligence and the machine learning are complicated for different
types of the companies nowadays. Hybrid Cloud-This cloud is the
mixture of the public and the private cloud. This cloud means that
the applications and the information could be compiled and shared
more easily. The hybrid cloud are more assisting when the
companies have more than one public clod with the deployment
onsite which also means increased flexibility.

 Server less computing-It was largely used in the year 2020, but it is
acquiring more importance this year. The server less computing
specifies that it is more easy to increase the function as a service or
FaaS.
 Digitisation in the Healthcare -The effective and the efficient offering
of the healthcare with the patients will be important to the cloud
computing. What is left is to be seen is the way in which the cloud
computing can offer the security and privacy to the information of the
healthcare space.

Technology used in Cloud Computing
 The technologies that are being used in the cloud computing are as
follows-
 Virtualisation-It is the process of developing a virtual surrounding
for running various applications and the operating systems on the
common server.
There exists various kind of virtualisation that are the hardware, server,
storage, operating system and the data virtualisation.
 Service- oriented architecture-It permits the companies to acquire
the on demand cloud based solutions of computing according to the
modifications of the needs of the businesses.

 Grid computing-It contains the machines such as the control node, user and the
provider. Moreover, it is used in the back-end infrastructures, marketing research
and the ATMs. It is also known as distributed computing and differ in sizes.
 Utility computing-Big organisations like the Google and the Amazon use this type
for the establishment of the utility services for the application and the computing
storage.

Technological platforms and software used
in Cloud computing
 Amazon web Services-The AWS offers various kinds of clouds laaS
services, that has a range from the virtual compute, networking and
storage to the fully computed stacks
 Google AppEngine-It is the scalable runtime surrounding that is
dedicated to the implementation of the web applications. These uses
the advantages of the big computing infrastructure of the Google to
scale in a dynamic way according to the demand.
 Microsoft Azure-It is the cloud operating system and a kind of a
platform in which the user can create the applications in the cloud.
It offers the combination of the additional services that works with
the execution of application like the networking, content delivering,
caching, storage and others.
 Hadoop-It is a kind of the open source framework which is suitable
for the processing of the big data combinations on the commodity
hardware. It offers two main operations for the processing of the
data which is the map and reduce.

Types of business and organization that uses
Cloud computing
 There exists a big concern for the financial industry when it
encloses the topic of the cloud security but its solution
provides to experience the encrypted information, Tier 3, Class
1 information centres and the access to the credentials for the
confidential data which is also limited.
 Cloud computing in the financial sector is used for
numerous reasons such as the customer relationship
management (CRM), fraud detection and data analysis. It also
improves the customer experience, reduction in costs,
increased processing speeds, enhanced security, bigger
scalability and compliance with the regulations.
 Also the NatWest Group is collaborating with the Amazon
Web Services to compile together the data from its business for
the improved anticipation of the requirements of the
customers.

Cloud computing as an effective business
tool
 Flexibility-The companies which invest in the cloud based services is provided with
a increased level of the flexibility.
 Business Continuity-The businesses can assure the reliable disaster recovery and
the solutions of the backup by investing in the cloud computing. This is done
without any hurry of setting them on the physical devices.
 Cost Effective-Most of the small and the medium sized businesses with the limited
amount of budget are identifying the advantages of the cloud computing

 Improved Collaboration-The cloud computing assists in the improved
collaboration between the communities and the groups as it removes the
barriers of the communication of the traditional IT models and develop it in a
way which makes it more fast and easy for the employees working in various
sectors to acquire the data and collaborate with the team members.
 Other factors includes the scalability and performance, automatic software
updates, environment friendly and automatic software integration.