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Outline

Title
Abstract
Conclusions and Policy Options
Introduction 1.AIMS of the Report
Loss of Data
Discussion and Conclusion
Data Loss
Data Security for Governments
Data Security Challenges in Cloud Computing
Data Protection Reform and Cloud Computing
International Data Transfers
Novel Data Protection Mechanisms in the Regulation
Data Retention and 3 RD Party Access to Data
Introduction
Data Integrity and Availability
Security of Data
Data Transfer on Termination
Discussion and Conclusions
Conclusions
Conclusions and Outlook
References
All Topics
Computer Science
Data Science

Impacts of Cloud Computing (STOA Cloud Computing Del.3)

Profile image of Rasmus Øjvind NielsenRasmus Øjvind Nielsen

2014

https://doi.org/10.1553/ITA-PB-A65-3
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140 pages

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Abstract

This report focuses on the impacts of Cloud Computing and the resulting challenges. It is based on an evaluation of the available scientific and industry literature, as well as on expert interviews. It should be mentioned that statements regarding Cloud Computing in reports and media on this are often contradictory. One reason for this is that various definitions are used. Some authors apply "cloud washing" and rename traditional outsourcing or web services. Based on the previous deliverable we focus on common used definitions such as the one from NIST. A second issue is that statements often are based on experts estimation due to lack of reliable time series of data. This explains the great bandwidth of results, which have to be taken with care. Socioeconomic impacts In the chapter on socioeconomic Impacts we present some typical cases of such Cloud Computing, e.g. elastic hosting services by Amazon and Google. We observed that there are several such companies, mostly US-based, which earned revenues between a few hundred million and about US-$ 2 billion, in 2012. Positive impacts which we observed comprise: Cost savings of services of, e.g., 10-20%. Convenience of using services, e.g. by private consumers, but also by employees and small companies. Flexibility, e.g. for hosting a mobile app. Professional security management, relevant for consumers or SMEs. But at the same time there are costs and risks, e.g.: Loss of control over data, loss of confidentiality, and a potential loss of availability. For consumers, costs of mobile roaming, costs of backups in the cloud, etc. Need to control using the Cloud, e.g. dealing with contracts, deletion, and migration. We also observed limits to Cloud Computing. For example, for certain operations, such as in telecommunications or manufacturing control, latency requirements are so high that using remote servers does not appear to be an option. Also, many large corporations already use outsourcing and/or internal load balancing and therefore cannot reap additional benefits. Accordingly, we observed no large layoffs, due to migrating computing services into the cloud. It has been anticipated that using Cloud Computing will lead to general savings of 10%-30% of IT costs. However, it has not been possible to identify empirical studies supporting this. Consequently the significant productivity growth, as estimated by some authors based on this, have to be taken with care. However, this may change in future. Currently, there is a widespread fear that Cloud Computing providers and foreign governments abuse data, that providers go out of business, or suffer from severe outages.

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Cloud computing is an emerging general purpose technology (GPT) that could provide a fundamental contribution to efficiency in the private and public sectors, as well as promote growth, competition, and business creation. It is an Internet-based technology through which information is stored in servers and provided as an on-demand service to clients.The impact of cloud computing on both households and companies will be substantial. On one side, consumers will be able to access all of their documents and data from any device (the home or work personal computer [PC], the mobile phone, or an Internet point, among others) as they already can for email services or social networks. On the other side, firms will be able to rent computing power (both hardware and software in their latest versions) and storage from a service provider and pay on demand, as they already do for other inputs such as energy and electricity. 1 The former application will affect our lifestyles, but the latter will have a profound impact on the cost structure of all the industries using hardware and software, 2 and therefore it will have an indirect but crucial impact on business creation and on the macroeconomic performance of countries.

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" CLOUD COMPUTING'S EFFECT ON ENTERPRISES " " …in terms of Cost and Security "
chaw suhlaing

Innovations are necessary to ride the inevitable tide of change. Most of enterprises are striving to reduce their computing cost through the means of virtualization. This demand of reducing the computing cost has led to the innovation of Cloud Computing. Cloud

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Cloud computing – a risk or an opportunity
Marcin Krysinski

2016

This article raises the issue of the impact of cloud computing services on the economic efficiency of companies. The authors primarily concentrate on the benefits which companies accrue, in particular, the flexible use of resources of cloud computing without the necessity to make additional investments in their IT infrastructure. The article also raises the question of the risks associated with the use of the service in question, too. This concerns mainly the loss of data, which may result in adverse economic effects for a company. However, it is estimated that the benefits of the use of Cloud computing services outweigh the risks.

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