BAHAMAS ON CLOUD: CLOUD COMPUTING RISK AND OPPORTUNITIES

  
Cloud computing is a method of computing where resources are provided over the internet. The ‘Cloud’ itself is a virtualization of resources – networks, servers, applications, data storage and services – which the end user has on-demand access to. These resources can be provided with minimal management or service provider interaction. 

There are many benefits for Cloud Computing for the end user such as access to a huge range of applications without having to download or install anything, applications can be accessed from any computer, anywhere in the world, users can avoid expenditure on hardware and software; only using what they need, companies can share resources in one place, consumption is billed as a utility with minimal upfront costs and scalability via on-demand resources.

On the other hand there are many risk involved in Cloud Computing such as users do not physically possess storage of their own data, which leaves the responsibility and control of data storage with the provider, users need to become over dependent upon the cloud computing provider with data held externally, business continuity and disaster recovery are in the hands of the provider and data migration issues when changing cloud provider.
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Binu Peniel

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