What does the term “cloud” mean? This terminology has become a marketing buzzword, being constantly used by salespeople to attract attention, but the true meaning behind the word is rarely understood.
The term “cloud” is used to describe the supply of technology as a service, rather than a product. Since “cloud” can be such a broad term, we will examine how it relates to one entity: Enterprise Applications. Today, many of these types of applications are available, such as Workday, NetSuite, QuickBooks, and Oracle On Demand. Instead of manufacturing or maintaining in-house IT infrastructures, companies can buy what software they need as a service. Now, companies do not need to invest millions of dollars in hardware or IT resources, but rather they can just pay operational expenses. Small to mid-size companies especially see the value in this; they get all the advantages of a large corporation without the exorbitant cost.
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