'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!@#$%^&*()_+
