All About Cloud Computing

'INNOVATION FROM THE GRASS ROOT LEVEL'- We are in the era which is transforming from real to virtual. Now, the emerging technology in IT is "Cloud Computing". It opened the way for the virtual space in the technology. The current market size of cloud computing is approximately US$ 40 billion. The future is like the rocket propelling by tearing the clouds against the gravity, the growth curve of cloud computing showing a tremendous upward movement against the current pandemonium in the world economy. By 2020, the size of the cloud computing is around US$ 240 billion.

What is "Cloud Computing"? Most of us know about this emerging technology. A simple example of cloud computing is GMail or hot mail or yahoo mail that we are logging in everyday by having a user name and password. We are accessing our e-mail account and also storing our information in the virtual space. Other examples are, accessing MS office, MS Excel in the online.

Accessing a product which is stored in the cloud and utilizing the services provided by the product through online is cloud computing. 

This cloud computing is very much helpful for the companies which need some sophisticated software. Most of the sophisticated software's prices are high. Some of the companies can't afford it. This cloud computing helps  those companies accessing those software at less cost.

If we want to see the cloud computing in a larger perspective, lets take an example a mechanical Pro-E software cost around 2.5 lakhs per license. For a company which is manufacturing sheet metal components having a very large design team of 20 design engineers. Even though they can afford 50 lakhs per annum for 20 licenses, it seems to be too costly. Suppose if that company goes for cloud computing, they can reduce their cost. There is a great future future for cloud computing.

Some of the companies providing cloud computing are IBM, Amazon, Microsoft, Apple(icloud)......

"Every coin has two sides and every gun has its own tune".

Another major issue with this cloud computing is SECURITY ISSUE. There may be a chance for the companies data hacked by others. This will put that company in greater risk. Suppose if any bank using this cloud computing, what will happen if someone access the data. This not only put the company into risk but also the customers of the company.

If the companies providing cloud computing service having a strong security, then cloud computing will grow in a much faster rate than it's growing now.

Every product and technology has its own life cycle. Cloud computing is in GROWING stage. It will MATURE and it will DIE.

Then??????? Seek for an another advanced technology!@#$%^&*()_+ 

Impact of crisis in US and Euro in our "Mother Land"

What should I call? FATE or REALITY. Why it's happening? Some of the experts are saying market condition is not good. There is a complete pandemonium in the market space. I'm in a dilemma whether to believe it or not. The experts are not God. They are also just human beings like us.

I read an article today regarding "Impact of US and EURO crisis in India". Before reading the article I asked myself WHAT IS IN IT FOR ME? The reply that I received from my mind was "NOTHING". But something that prevented me to keep the magazine again in the rack without reading. That is "PLACEMENT". So, I read it.

I found something interesting. I just want to share those things.

Reasons for the US crisis:

US crisis was because of sub prime loans and credit default swap. Because of these, bankruptcy happened. The banks could not recover those sub prime loans and also they could not pay the compensation to the institution or any organisation who bought the credit default swap. Everyone knows the bank "Lehmann Brothers". It got bankrupted.

The hot news in the last month was "US degraded in their credit rating from AAA to AA+ by Standard's and Poor". It created a shock wave around the world. It showed that the risk in US securities and bonds increased. The impact of this degrade in credit rating in India is, US debt to India is US$ 41 billion. India occupies 7th. China ranks 1st. US debt to china is US$ 1.4 trillion. US total debt is US$15 trillion. The degrade in the credit rating shows that the risk in repaying the debt by US. This will have great impact in China as well as in India.

EURO crisis is because of sovereign debt. The European countries like Greece, Portugal and Spain are under pressure due to the sovereign debt. The failure of the bonds. Those countries are in a critical situation to manage the sovereign debt. The sovereign debt of Greece is about 130% of its GDP. So, pathetic. Now, the Greece government is taking necessary steps to come of the great financial depression. They are cutting the government jobs and government expenses. The unemployment rate in the government sector in Greece increased. That's big storyyyyyyyyyyyyyyyyyyy

Though some of our politicians and other economics experts saying that Indian economy is operating based on the domestic consumption. These crisis don't have much impact on India. India is also having enough liquidity to manage if something happens.

But in reality, India mostly depend on US and EUROPEAN countries in term of exports. Due to the crisis in those eastern countries, their consumption and spending is decreasing. This will lead to the domino effect. Suppression in their GDP growth. This will affect the Indian exports especially IT. This will affect the Indian economy. The depreciation rupee to dollar also occurs. The status of rupee now is US$ 1= 49.37 INR. In the coming days it may reach 50 INR. This will affect our importers.

POSITIVE IMPACT OF THESE CRISIS:

There may be decrease in the value of crude oil. Folks, remember the crude oil price went up to US$ 200 per barrel. Now it's reducing. The reason for the decrease in crude oil price is because US and European countries consume more oil. If they are in crisis, obviously they will reduce the consumption of oil. So, they may be a chance in the reduction of fuel price. It may benefit INDIA.

There are many pros and cons are there due to the crisis in US and EUROPE. The impact in India depends on the weightage of those pros and cons.

"IF SOMEONE WANTS TO GET SOMETHING OUT OF NOTHING, IT'S VERY DIFFICULT TO RESIST". 

I think we can't change the above statement. We always want good result without doing anything. When it's going to change?

Note: There may be some variations in the above figures. I read those figures long back.