Investigation the Role of Cloud Computing in the Business Value for Optimal Criteria

Abstract

: Cloud computing is everywhere. Pick up any IT focused magazine or visit any IT website or blog and talk about cloud computing will be there. However, it is also a fact that not everyone agrees on what it is and how it can be used. Ask ten different professionals what cloud computing is and you will get ten different answers.in this paper, Investigation the Role of Cloud Computing in the Business Value for Optimal Criteria The focus of the study is on analysis the investment made on adoption of cloud computing. The analysis covers both financial as well as non-financial benefits and associated costs. The same has been carried out based on an analysis framework. It also highlights the need to carry out a comprehensive risk analysis based on a risk framework taking into account various risks e.g. vendor related, technological, architectural, regulatory etc. The criticality of change management initiative for any such transition is also dealt with. This has been evaluated from the perspective of arriving at the impact of organizational change. The aspect of opportunity cost and hence ROI associated with the proposed cloud initiative is also highlighted in the study. As part of its analysis, in order to bring in objectivity, the study has proposed framework for cost benefit analysis and risk analysis. Based on the analysis carried out it has provided some recommendations which need to be considered in general while carrying out such transitions