...• Cognizant 20-20 Insights How Cloud Computing Impacts Trade Finance Executive Summary As worldwide trade gradually recovers, the financial climate enablers remain challenging. Affordability, accessibility and adherence to newer, stricter Basel regulations stand as unabated hurdles in the path to rapid recovery of trade finance.1 According to a survey conducted by International Chamber of Commerce (ICC) in 2010, a total of about 42.9 million transactions were registered, representing a 5.81% increase over 2009 — a slight gain after the previous year’s fall. Technological innovations are bound to play a crucial role in accelerating the recovery process through the streamlining of front-end to back-end processes, enabling trade finance institutions to offer customized, low cost, value-added solutions that meet the requirements of geographically diverse customer segments. This paper discusses a key technological advancement, cloud computing, which is already making inroads at leading trade finance software players. This development enables a bank to build a strong trade finance architecture for maximizing profitability, a goal which starts with making such services more affordable and accessible to customers. Within trade finance and other corporate transaction banking services, financial institutions are moving ahead to reap the benefits from lower-cost private cloud services. These cloud services offer dedicated solutions with rigorous security controls, freeing both banks...
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...A Mohamed 200913228 The Impact of Cloud Computing on Network Management. Introduction Network management is a process to maximize the reliability and utilization of network components in order to optimize network availability and responsiveness. We see that this definition includes elements of two other processes: * Availability * Performance and tuning Maximizing reliability through the use of Cloud Computing is another way of emphasizing high availability by ensuring network lines and the various components such as routers, switches, and hubs maintain high levels of uptime. Maximizing utilization implies that performance and tuning activities involving these components are optimizing network response. While availability and performance and tuning are the two processes most closely related to, and affected by, this process, network management actually interacts with six other systems management processes, making it one of the most interrelated of all 12 disciplines. Therefore it could be considered one of the most vital and integral parts of any organization. Network management covers an extensive area, including: * Security: Ensuring that the network is secure from unapproved users. * Performance: Removing bottlenecks in the network. * Reliability: Making sure the network is accessible to users and reacting to hardware and software faults. Key Decisions about Network Management Six key decisions need to be made that influence the strategy, direction...
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...Cloud Computing Benefits, risks and recommendations for information security Rev.B – December 2012 2 Cloud Computing Benefits, risks and recommendations for information security Document History Date December 2009 Version 1.0 Modification Initial Release, Rev.A Author Daniele Catteddu, Giles Hogben Thomas Haeberlen Lionel Dupré December 2012 2.0 Rev.B About ENISA The European Network and Information Security Agency (ENISA) is a centre of network and information security expertise for the EU, its member states, the private sector and Europe’s citizens. ENISA works with these groups to develop advice and recommendations on good practice in information security. It assists EU member states in implementing relevant EU legislation and works to improve the resilience of Europe’s critical information infrastructure and networks. ENISA seeks to enhance existing expertise in EU member states by supporting the development of cross-border communities committed to improving network and information security throughout the EU. More information about ENISA and its work can be found at www.enisa.europa.eu. Contact details This report has been edited by: Lionel Dupré, Thomas Haeberlen For contacting ENISA or for general enquiries about this report, please use the following details: Email: resilience@enisa.europa.eu Internet: http://www.enisa.europa.eu Cloud Computing 3 Benefits, risks and recommendations for information security Legal notice Notice...
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...Top Threats to Cloud Computing V1.0 Prepared by the Cloud Security Alliance March 2010 Top Threats to Cloud Computing V1.0 Introduction The permanent and official location for the Cloud Security Alliance Top Threats research is: http://www.cloudsecurityalliance.org/topthreats © 2010 Cloud Security Alliance. All rights reserved. You may download, store, display on your computer, view, print, and link to the Cloud Security Alliance “Top Threats to Cloud Computing” at http://www.cloudsecurityalliance.org/topthreats/csathreats.v1.0.pdf subject to the following: (a) the Guidance may be used solely for your personal, informational, non-commercial use; (b) the Guidance may not be modified or altered in any way; (c) the Guidance may not be redistributed; and (d) the trademark, copyright or other notices may not be removed. You may quote portions of the Guidance as permitted by the Fair Use provisions of the United States Copyright Act, provided that you attribute the portions to the Cloud Security Alliance “Top Threats to Cloud Computing” Version 1.0 (2010). Copyright © 2010 Cloud Security Alliance 2 Top Threats to Cloud Computing V1.0 Table of Contents Introduction................................................................................................................................... 2 Foreword........................................................................................................................................ 4 Executive...
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...economics works with cloud computing. Is economics the way to go with cloud computing? What is the general understanding of economics when it comes to cloud computing? How will businesses benefit from cloud computing? Will cloud computing work within a budget of an organization? Businesses will economically grow and benefit with cloud computing. Cloud computing has significant implications for the way companies, businesses, and governments access and use information technology. It enables users to remotely access scalable, high-powered computing services via broadband networks from a range of devices, all on-demand. Cloud computing has the potential to provide users with increased computing capability, greater efficiency, and lower energy and infrastructure costs. According to Kevin Jackson of Forbes.com he describes cloud computing as a metrics. According to Kevin Jackson the four sets of cloud computing economics are the number of unique customer sets, customer set duty cycles, relative duty cycle displacement and customer set load. These metrics reduce resources and creates more resource demand. According to Mr. Jackson of Forbes.com this “properly balancing these factors across a well characterized user group can lead to approximately 30-percent savings in IT resources, and enables the near real-time modification of the underlying physical infrastructure required for the delivery of the desired “illusion of infinite resources” synonymous with a cloud computing user’s experience...
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...Cloud Computing and Accounting Information Systems Technology is a powerful tool that is revolutionizing and impacting the world in ways that were once never thought to be possible. Businesses thrive by investing time and money into modern technologies that redefine that way that these firms do businesses .One particular technology on the horizon in today’s society is cloud computing. Cloud computing is use of a network hosted on the Internet to store and access data and programs. After reviewing an article that discussing cloud computing and its effects on business, relating the idea of cloud computing to accounting information systems, and discussing opinions and issues concerning cloud computing, there will be a greater understanding about the impacts of cloud computing on the AIS system. The article chosen, which written by Ian Stone and published by The Guardian on April 15, 2014, is called “Cloud Computing Enables Businesses to Discover Their Entrepreneurial Spirit”. This article begins by stating that cloud computing is a game changer in the world of business. Cloud computing is stated as the storing and accessing of data and programs over the Internet instead of your computer's hard drive. This article says that one of the key benefits of cloud computing can be seen by the way it “levels the playing field”. Small business can have a better chance to compete with bigger firms because the initial cost of cloud computing is much less than the large expensive infrastructures...
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...(SaaS). Harris, Moellenhoff and Dominguez, three software developers previously at Clarify, wrote the initial sales automation software. In June 2004, the company went public on the New York Stock Exchange under the stock symbol CRM, raising US$110 million. Marc Benioff and Magdalena Yesil were the initial basic connection investors and board members. Other early investors include Larry Ellison, Halsey Minor, Stewart Henderson, Mark Iscaro, and Igor Sill of Geneva Venture Partners. What Is Cloud Computing? What is cloud computing? Everyone in the technology world is talking about it… and a lot of people in the business world are asking the same question, “What is cloud computing, and what does it mean for my business?” Cloud computing platforms are growing in popularity, but why? What unique advantages does a cloud computing architecture offer to companies in today’s economic climate? And what just what is cloud computing, anyway?” Let’s explore the cloud computing infrastructure and its impact on critically important areas to IT, like security, infrastructure investments, business application development, and more. Most IT departments are...
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...solutions to green cloud computing Thi Hong Nhung Huynh MSc Computing and Management 2010/2011 The candidate confirms that the work submitted is their own and the appropriate credit has been given where reference has been made to the work of others. I understand that failure to attribute material which is obtained from another source may be considered as plagiarism. (Signature of student) Abstract Cloud computing is a breakthrough innovation in information technology industry. It brings new efficiencies and advantages to business. There is much hype about environmental impacts of cloud computing on green issues. Some favour of cloud computing as solution to green issues while others blame cloud computing as burden to environmental problems. Cloud computing, nevertheless, like other technology, is neutral. It can be either cause or solution to environmental issues. There is growing pressure on cloud computing industry to reduce the environmental impacts of their data centres. The current trend focuses on developing green cloud computing. However, the evaluation of solutions to green cloud computing bases on certain standards, metrics and benchmarks, which assess only parts of the environmental issues with cloud computing. This report will concentrate on green issues with cloud computing. Significant positive and negative impacts of cloud computing on the environment issues will be investigated. Next, a classification of green issues with cloud computing also is offered...
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... 3 2. Introduction to cloud computing 4 3.1 Benefits 4 3.2 Impact of business due to cloud computing 5 3. Scenario 6 4.3 Cloud infrastructure design 7 4.4 WEPAYU cloud infrastructure 8 4.5 At organizational level 9 4.6 Conceptual Design 10 4. Impact of company due to cloud computing 10 5. Conclusion 10 6. References 11 Abstract This paper mainly discuses about the impact of information systems over businesses and change of businesses due to the implementation...
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...EBM510 - Information Processing and the Web Cloud Computing Research Paper Mahesh BahuleyanNair 000-14-6974 Abstract This research paper is to recommend or suggest cloud computing as an alternative to the obsolete and highly expensive traditional computing mechanisms. Cloud computing is a new general purpose Internet-based technology through which information is stored in servers and provided as a service and on-demand to clients. Cloud computing services including Infrastructure as a Service promise potential cost savings for businesses by offering remote, scalable computing resources. However attractive these services are, they pose significant security risks to customer applications and data beyond what is expected using traditional on-premises architecture. This paper identifies three basic types of threats related to the IaaS layer and eight kinds of attacks. These are aligned within the CIA model as a way to determine security risk. Cloud computing is a generalized term for anything that involves delivering hosted services over the Internet. These services are broadly divided into threesome categories: Infrastructure-as-a-Service (IaaS), Platform-as-a-Service (PaaS) and Software-as-a-Service (SaaS). The study darken computing was inspired by the darken symbol that's often utilized to equal the Internet in flowcharts and diagrams. A darken assist has threesome...
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...Information Systems Dissertation The Impact of Cloud Computing on Small and Medium Sized Enterprises. Word Count: 12,497 Abstract In recent years a new computing paradigm has emerged: Cloud Computing. Whilst there seem to be an endless number of definitions for this new term, including one by the National Institute of Standards and Technology (NIST) that is nearly 800 words long, nobody seems to be able to settle on a true characterisation of the subject matter. In its simplest form cloud computing can be described as IT-as-a-service. Instead of building your own IT infrastructure to host databases or software, a third party hosts them on their own servers. Companies have access to their data and software over the internet (which in most diagrams is depicted as a cloud). However, is this new paradigm simply a new term for something we are already doing or is it truly going to change the future of IT as we know it? This dissertation investigates the phenomenon commonly known as cloud computing, focussing closely on its impact on small and medium sized enterprises (SME’s), and ultimately attempts to assess the future of cloud computing. The research throughout this paper is based solely on secondary research. No primary research into the topic area has been made. In order to gain a broad view and understanding of the topic various existing papers and studies, on the topic of cloud computing and technology adoption within SME’s, have been studied and critiqued...
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...Effects of Cloud Computing in the Global Business Environment Table of Contents INTRODUCTION…………………………………………………………………………………………………….…..............3-4 CLOUD COMPUTING REDUCTION IN COST……………………………….………………………………….....….4-7 CLOUD COMPUTING AND THE CHANGE OR CREATION OF SERVICES ………………….………….7-10 ECONOMIC IMPACT OF CLOUD COMPUTING………………………………………..………………..……….10-12 COMPARISON OF COMPANIES BEFORE/AFTER CLOUD COMPUTING…….………………………12-15 US ENERGY AND CLIMATE POLICY………………………………………………………………………………………15 CLOUD COMPUTING PROVIDERS………………………………………………………………………………….....16-21 Salesforce.com……………………………………………………………………………………………………………....16-17 Amazon-Web Services…………………………………………………………………………………………….....17-19 Cisco Systems…………………………………………………………………………………………………...…..19-21 CLOUD AND INDUSTRY’S FUTURE………………………………………………………………………….……... 21-22 CONCLUSION…………………………………………………………………………………………………….……...……. 22-23 EXHIBITS…………………………………………………………………………………………………………………….…...…. 24 Annual Financials for Salesforce.com…………………………………………………………………..……..24-26 Annual Financials for Amazon-Web Services……………………………………………………….….27-29 Annual Financial for Cisco Systems………………………………………………………………………30-32 Financial Ratios……………………………………………………………………………………………………………….……….33 Grow Customer Base……………………………………………………………………………………………………………….33 Grow Market Share………………………………………………………………………………………………………….……..33 Salesforce Historical Stock Chart……………………………………………………………………………..………………34 ...
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...transmitted easily from one place to another. Cloud Computing is one of the proofs of technology improvement. This report explains about cloud computing, benefits and drawbacks of cloud computing and impacts of cloud computing on accounting profession. What is Cloud Computing? Cloud computing was originally known as a bunch of combined services, technologies and activities. Cloud computing was also regarded as a collection of technologies (Rountree and Castrillo 2014). The name CLOUD is used because it can FLOAT ABOUT among specific servers and the specific server is not probably known by the users (Slahor 2011). The National Institute of Standards and Technology (NIST) came up with a formal definition which basically includes three main components: five key cloud characteristics, four cloud development models and three cloud service models. Not all the web-based applications are cloud applications. There are some specific characteristics of the cloud. The NIST defined that there are five key cloud characteristics: on-demand self-service, broad network assess, resource pooling, rapid elasticity and measured service. Organisations use different cloud computing models in order to meet their own requirements as to what services they want to assess from the cloud and how much control they want to have over the environment. Accordingly, four development cloud models are available: public, private, community and hybrid. Besides, Cloud Computing provided three broad categories of service:...
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...Cloud Computing and Accounting Information Systems Technology is a powerful tool that is revolutionizing and impacting the world in ways that were once never thought to be possible. Businesses thrive by investing time and money into modern technologies that redefine that way that these firms do businesses .One particular technology on the horizon in today’s society is cloud computing. Cloud computing is use of a network hosted on the Internet to store and access data and programs. After reviewing an article that discussing cloud computing and its effects on business, relating the idea of cloud computing to accounting information systems, and discussing opinions and issues concerning cloud computing, there will be a greater understanding about the impacts of cloud computing on the AIS system. The article chosen, which written by Ian Stone and published by The Guardian on April 15, 2014, is called “Cloud Computing Enables Businesses to Discover Their Entrepreneurial Spirit”. This article begins by stating that cloud computing is a game changer in the world of business. Cloud computing is stated as the storing and accessing of data and programs over the Internet instead of your computer's hard drive. This article says that one of the key benefits of cloud computing can be seen by the way it “levels the playing field”. Small business can have a better chance to compete with bigger firms because the initial cost of cloud computing is much less than the large expensive infrastructures...
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...Abstract Cloud computing is a term that refers to sources and computer systems available on demand through the network, which can provide a number of computer services integrated without being restricted local resources in order to make it easier for the user and include those resources space for data backup and synchronization self also includes processing capabilities software and scheduling of tasks and push e-mail and remote printing, and the user can control when it is connected to the network in these resources through a simple software interface simplifies and ignores a lot of detail and internal processes. Cloud computing has become increasingly popular because it offers users the illusion of having infinite computing resources, of which they can use as much as they need, without having to worry about how those resources are provided. It also provides greater scalability, availability, and reliability than users could achieve with their own resource The core property in cloud computing that held computing "in the cloud"; for clarity, the treatment process (and related data) is not confined to the place (places) private and unknown. Thus, this model is the antithesis of the treatment process is located in one or more of the servers are well known. Exposure model cloud of criticism and attack because of privacy advocates, for the ease of large governing the hosting companies for services cloud, and then, can impose censorship and domination, whether legal or illegal...
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