Running business on Cloud
The Hindu
From SaaS to IaaS to PaaS, the application of cloud computing has now become universal
If you want to sell something, the most important thing to focus on is the business model. And if you want to sell your products or services online, then you need a web portal that supports a business process that goes from taking the request,delivering the product and collecting the payment. Twenty years ago one would have to set up a technical team to manage all the computer infrastructure. However, that is no longer the case.
With Cloud Computing, you only have to subscribe to a service provider to obtain the hardware and operating system that your software needs. This lets you focus on the core business problem and not worry about computer infrastructure which will reside in a datacentre in your country or somewhere else. And the pricing for this mix of hardware product and service is based on how long the computers are used, the type of hardware and how much data is stored etc.. In other words, Cloud Computing brings the utility model to computer infrastructure: like electricity, we only pay for how much we use. Cloud computing business had a valuation of $370 billion in 2020 and it reflects how critically important Cloud Computing is to any business that uses software. Almost 50% of all corporate data is stored in the Cloud.