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Cloud Computing Economics: Issues and Developments

Odun-Ayo, Isaac and Oladimeji, Tolulope and Odede, Blessing (2018) Cloud Computing Economics: Issues and Developments. In: International MultiConference of Engineers and Computer Scientists 2018 Vol I, March 14-16, 2018, Hong Kong.

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Cloud computing is an IT paradigm that has progressed successfully in some organizations and enterprises across the world. Cloud users can leverage on the facilities available on the cloud to develop and deploy applications. Cloud providers also have software that can be utilized for routine services by users already deployed on the cloud. The services provided by the cloud are scalable and available at a cost. On the other hand, most organizations have continued to utilize on–premise infrastructure which some consider cheaper than migrating to the cloud. Migration to the cloud is believed to reduce or even eliminate the capital and operational expenses of an enterprise. This paper examines present trends in the area of cloud economics and provides a guide for future research. The study was executed by means of review of some literature available on cloud economics. In the present work, the objective is to answer the following question: what is the current trend and development in cloud economics? The finding is that a balance of the supply and demand side of economies of scale is critical to cloud economics. Different pricing methods being adopted by CSPs is appropriate for the user in terms of choice.

Item Type: Conference or Workshop Item (Paper)
Uncontrolled Keywords: Cloud Computing, Economics, Cost
Subjects: H Social Sciences > H Social Sciences (General)
Q Science > QA Mathematics > QA75 Electronic computers. Computer science
Divisions: Faculty of Engineering, Science and Mathematics > School of Electronics and Computer Science
Depositing User: Mrs Patricia Nwokealisi
Date Deposited: 25 Apr 2018 09:27
Last Modified: 25 Apr 2018 09:27

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