It is well known that emerging technologies can bring in newer market opportunities, with improved data and information storing, sharing and communication. Among them, the emerging Informational technological concept of Cloud Computing brings in many benefits to the organizations, and thus has great potential for future applications. So, if this emerging technology is taken advantage of, it would benefit the companies by helping to address the business needs of the client, thereby encouraging its business growth through good profits and lowered costs. Both big organizations as well as smaller firms are adopting this technology to fulfill their own needs. So, this paper will look at the technology behind this concept and how it could impact the organizations, which utilizes it.
Cloud computing is an Internet-based computer network with the main role for ‘outside’ or ‘virtual’ servers, without the need to establish and maintain in-house infrastructure. The data, softwares, applications, etc stored in those servers can be accessed by computer users from anywhere through a web browser by paying subscription charges, based on the ‘services on demand’ concept. “The storing and accessing of applications and computer data often through a Web browser rather than running installed software on your personal computer or office server”. (cloudcomputingdefined.com).The fundamental concept behind Cloud Computing got originated in 1960s, when the American computer and cognitive scientist John McCarthy opined that “computation may someday be organized as a public utility”. (Frangulyan). This rings true because the main characteristics of Cloud Computing is computing in a public or external environment. This characteristic was further explored in comparison with the electricity industry by Douglas Parkhill in his book, "The Challenge of the Computer Utility", published in 1966.