why, like Ellison, are some business leaders still hesitant to embrace cloud computing? Some insist that cloud computing is not cost-efficient. It is true that although cloud computing services reduce up-front infrastructure costs, they require monthly payments for data storage and updates.
Falcon's Invoice Discounting: Your Path to Prosperity
Crunching numbers in the cloud
1. Crunching Numbers in the Cloud
Larry Ellison, the CEO of Oracle, dismisses cloud computing as merely the latest
fashion in the computer industry. I suppose he also dismisses that more than one in
five IT decision makers have deployed over half of their total applications to the
cloud, according to the Cisco Global Cloud Networking Survey. Regardless of any
debate, cloud computing adoption rates are on the rise. According CDW LLC’s 2013
State of the Cloud Report, 39% of organizations either already utilize cloud
computing solutions or are currently implementing them. This number is up from
28% in 2011.
Maybe somewhat surprisingly, cloud computing is a very attractive option for
business accounting software. Accounting software takes up a significant amount of
hard drive space, especially for small and medium-sized businesses. Cloud
2. computing solves this problem by putting the majority of files and data on a
separate server. This frees up hard drive space for individual desktop computers
and saves money that might have been spent on additional storage equipment.
Several accounting software companies have already adopted cloud
solutions. QuickBooks Online offers cloud-based accounting that allows users to
track expenses, accept credit cards directly, activate payroll, and access data on
mobile devices. Additionally, since September 2012, QuickBooks Online has
gone global, with some 130 countries utilizing the service.
QuickBooks’ global expansion highlights another important benefit of cloud
computing: today’s workforce is increasingly mobile and globally dispersed.
The Citrix Workplace of the Futuresurvey states 24% of global companies allow
employees to work from anywhere. Cloud computing facilitates this workplace shift
by storing information in a centralized location that can be accessed from
anywhere, at any time, and on a variety of devices.
So, why, like Ellison, are some business leaders still hesitant to embrace cloud
computing? Some insist that cloud computing is not cost-efficient. It is true that
although cloud computing services reduce up-front infrastructure costs, they
require monthly payments for data storage and updates. Therefore, cloud
computing may prove more expensive in the long run. Additionally, some cloud
computing applications do not have as many features as their desktop
counterparts, including QuickBooks Online.
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