How we define Cloud Computing
We see Cloud Computing as two main points:
In technical terms, scalability could be defined as a capacity or a “size” of specific functionalities, such as how much storage capacity it has, what are the specification on elastic performance, how many traffic volume can the server handle, how many nodes of connections are available and etc. The definition can be clearly defined and quantitatively measurable.
However, from business perspective, scalability could be very dynamic and less structured. It could be:
- A business expansion and evolution opportunity
- A business model transition and transformation
- A potential integration point with other business partners
With scalability comes mobility. As trend grows with almost everyone having a smartphone on hand, and business models starting to change from being static and localised to being mobile and globalise; people can now easily access information everywhere, as long as they have internet accessible device on hand. And with cloud computing capability, information is easily transferred everywhere.
The scalability of cloud computing allows information to be stored, shared, accessible but without the huge cost impact to business owners.
What the Benefits are
1. Cost saving
The current business model: Leverage on what is available in the market and create what is not.
We do not have to invest in huge capital on physical online/digital-enabling infrastructure ourselves and allocate additional expense budget to maintain the infrastructure. Not to mention, the physical infrastructure is not even scalable yet. We can leverage on what is available in the market, and it is made to be ready without much lead time.
2. Lower risk of data lost
The main feature about cloud computing is that data storage is available at almost everywhere and anytime. This is possible because one of the many nature of data on cloud is that they are constantly stored and backup, thus easily recoverable.
3. High availability
With businesses going online, customers look for information and make transactions at any point of time. Nowadays, downtime is hardly acceptable, as shopping behaviours shift toward being less patient, less loyal, coming-and going rapidly leading to higher unpredictable sales turnover. If a business’ service does not provide seamless experience, the organisation has a higher risk of losing a steady customer base. Service availability is essential for businesses. Cloud computing makes better promise in availability as compared to conventional system.
How we see the trend
At the beginning of the digital evolution, we start to see people and organisations showcasing their businesses portfolio online through websites. Then we have e-commerce, where transactions are made online. Next, people are connected online with each other on chat applications such as WhatsApp and WeChat, and the availability of social media platforms also makes information easily shared across.
With Cloud Computing, information shared with speed have exponential growth. Online connections grow exponentially in both size, speed, and complexity. The frequency of transactions made online is at the rate that is not possible without cloud computing.
Business model are shifting from offline to online. A product and service can be a platform itself, software-as-a-service (SAAS), platform-as-a-service (PAAS), and there is even desktop-as-a-service (DAAS) today. The evolution of business model was made enabled by cloud computing.
The future trend
The potential of cloud computing is limitless. To reiterate the 3 points in “Scalability”: business expansion, transformation, and integration, cloud computing could be the driver that have endless potential in the business world.
The trend is obvious: everyone wants to go online, with the lowest cost possible. And the key is Cloud Computing.