CHAPTER 12

Trend 8—Cloud Computing

Introduction

Cloud computing (or “the Cloud” as it is sometimes referred to) is another emerging technology trend that is constantly mentioned which, while it does have many massive benefits, is complex to implement and support.

What Is Cloud Computing?

Cloud computing is an on-demand computing resource covering data storage and processing power. The theory is that a firm just pays for the storage and/or processing used without the need and fixed cost of an in-house complex infrastructure. It is similar in concept to pay-asyou-go utilities where the customer “turns on the tap” and only uses and pays for the water used (as opposed to having their in-house fixed cost water plant).

A cloud provider will have built ...

Get Emerging FinTech now with the O’Reilly learning platform.

O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.