Cloud computing living up to the hype
By Deborah Bates
10/11/2011
Cloud computing has lived up to its hype, with its worldwide revenue roughly estimated to be £7.6 billion.
According to statistics released by many cloud recruitment and cloud software specialists, the cloud has matched all of the speculation surrounding it over the past year or so.
It has also brought great economic benefits with it, figures from the Centre for Economics and Business Research have confirmed. In fact, the centre believes that by 2015, it could generate £665 billion for businesses through Spain, the UK, Italy, Germany and France.
This is equivalent to 1.57 per cent of these countries' combined GDP, making investment in the cloud a "sizeable" opportunity, HR Magazine suggested. However, any companies who have not yet invested should consider double-checking the security of their IT management systems before doing so.
Although the cloud can prove very useful, it can also leave companies vulnerable to cyber attacks, so activity within it should monitored closely.
In fact, those signing up to the cloud should think about agreeing upon some set terms and conditions with their provider, Peter S Vogel explained.
The technical expert relayed his thoughts to Technewsworld.com, stating: "Any company using the cloud needs to properly protect its IT and data with a cloud agreement that is clear and specific to its own requirements."
