International Conference on Eurasian Economies
1-3 July 2014 – Skopje, MACEDONIA
Paper detail
Paper ID : 851
Status : Paper published
Language : English
Topic : Sectoral Analyses
Presenter: Asst. Prof. Dr. Ediz Şaykol
Session : 3A Sectoral Analysis
On the Economical Impacts of Cloud Computing in Information Technology Industry
On the Economical Impacts of Cloud Computing in Information Technology Industry
- Asst. Prof. Dr. Ediz Şaykol (Istanbul Beykent University, Türkiye)
Abstract
Cloud computing, as defined by United States National Institute of Standards and Technology (NIST), “... is a model for enabling convenient, on-demand network access to a shared pool of configurable computing resources (e.g., networks, servers, storage, applications, and services) that can be rapidly provisioned and released with minimal management effort or service provider interaction.” Goal of the study is to highlight the positive economical impacts of cloud computing for companies, which can be assessed by focusing on their business goals to make more profit. Under the cloud computing model, firms can rent as many virtual machines as they need at any given time, and either design or use off-the-shelf solutions to integrate company-wide data and then easily distribute access to users within and outside of the company. Hence, cloud computing converts fixed capital costs to variable costs, prevents under or over provisioning, and allows minute by minute flexibility. Hence, the companies concentrate on their own business goals on top on a stable and effective information technology backbone. Most literature on cloud computing reside in computer science resources. However, there is little work focusing on the social and economic significance of cloud computing in the economics literature. Hence, this paper first discusses the basics of the cloud computing along with its implications on information technology (IT) field, with paying special attention to economical aspects. Then, empirical results and elaborations are to be given to yield a conclusion.
JEL codes: L86
Şaykol, Ediz (2014). "On the Economical Impacts of Cloud Computing in Information Technology Industry" in Proceedings of International Conference of Eurasian Economies 2014, pp.83-89, Skopje, MACEDONIA.
DOI: https://doi.org/10.36880/C05.00851
