Cloud computing and economic growth

Abstract

Cloud computing, is a rapidly evolving type of internet- based computing model that relies on sharing computing resources, rather than having local servers or personnel to handle them. It has already been adopted by a significant number of Small and Medium Enterprises (SMEs) as a business advantage able to improve their business environment and help them be more efficient and productive. Due to its beneficial characteristics, as flexibility of cost and scalability, cloud computing has the potential to transform the global ICT market techniques and contribute to the boost of economic growth. The provision of cloud computing services is a new and very promising business model and cloud service providers are already enjoying growing profits.