How to boost our economic growth with cloud technology

We all know Cloud Computing is rapidly evolving technology at the moment. After the mass usage of smartphones and other digital gadgets, digital data are produced at very large amount. Cloud computing is a type of computing that relies on sharing computing resources rather than having local servers or personal to handle.  It can also be perceived as the procedure of storing and accessing data and applications over the Internet, instead of the user’s computer hard drive.

The consumer does not manage or control the underlying cloud infrastructure but has control over the deployed applications and possibly configuration settings for the application-hosting environment. The capability to process, storage, networks, and other fundamental computing resources where the consumer is able to deploy and run arbitrary software, which can include operating systems and applications. The capability to use the provider’s applications running on a cloud infrastructure. The applications are accessible from various client devices through either a thin client interface, such as a web browser, or an application program interface.

Cloud computing is continuously developed at a fast pace during the last years, as it is a business model that builds a competitive environment that benefits both suppliers and users and lets innovators and entrepreneurs thrive. According to recent research by Gartner, cloud services revenue was projected at approximately $68.3 billion in 2010, and the industry is poised for strong growth through 2014, when world-wide cloud services revenue is projected to reach $148.8 billion.

As a result, cloud computing presents a major innovative opportunity to businesses of all sizes, and across all sectors of the economy. Today, the cloud has become a very powerful computing tool for people and companies around the world. Sharing computing resources, delivering many different services, storing and accessing applications are only some clicks away. From a more business oriented perspective, cloud computing is an indispensable business model, as well. It can help companies develop themselves, make cost savings, creating at the same time a competitive environment with more job opportunities. As a new business model, the provision of cloud computing services has tremendous potential and cloud service providers and small, upstart entrepreneurs have been some of the greatest beneficiaries from the cloud’s empowering influence, since they have improved profitability and new revenue opportunities.

Due to its beneficial characteristics, as flexibility of cost and scalability, cloud computing offers to numerous services businesses and it boosts them to be more productive, efficient and competitive, without investing a great amount from their capital budget. Small and Medium Enterprises that are willing to exploit the benefits of the cloud, are the pioneers in migrating to cloud computing. According to the findings and the review of literature, cloud computing services are already adopted by a significant number of Small and Medium Enterprises, since they can benefit by improving their business environment, being more efficient and productive.

While the rise of cloud computing is on high, many graduates see the technology as an opportunity to accelerate their careers. Many fresh graduates and professional showing their interest to learn in depth and prefer best institute for cloud certification courses.