What is cloud computing in terms of fueling open innovation?
Answers
Answer:
⭐ Cloud Computing Allows the Merger of Goods, Services and Data. ... Additionally, the cloud allows companies to create intriguing hybrids between data and goods to create innovative new products that serve consumers and make life easier.
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⭐ Cloud computing technologies moves from the traditional Capital Expenditure (CapEx) mode with onsite server infrastructure to an Operational Expenditure (OpEx) mode using a third-party cloud service provider with service level agreements.
Answer:
Cloud computing levels the playing field for mid-sized organizations. With the cloud, mid-sized businesses can use the same technologies as much larger organizations without having to invest in expensive data center resources and highly skilled IT staff.
Explanation:
While the reasons why cloud computing has seen exponential growth in the business community are fairly simple and easy to understand, the results of this shift are only now beginning to be fully understood.
While cloud computing certainly enables IT organizations to become more efficient, reliable and agile, the ultimate goal is much deeper: innovation. Businesses that have succeeded in harnessing cloud computing's ability to innovate have transformed their IT from a cost center to a strategic department that seizes new business opportunities and unlocks new revenue streams.
On the other hand, organizations that were slow to adopt the cloud struggled to achieve the same level of success as they were increasingly burdened by unstable infrastructures and outdated systems management strategies. IT departments that have not adopted the cloud often find themselves in a reactive mode, trying to support current outdated systems while trying to keep up with an ever-increasing backlog of requests for new services, rather than investing in new systems to innovate. and last but not least, business growth. The whole process often ends up driving a wedge between business partners, who are constantly frustrated by IT's inability to keep up with demands, and IT departments, who are constantly playing "whack-a-mole" between new demands and problems that arise.
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