How Cloud Computing Affects the Accounting World Research Paper

How Cloud Computing Affects the Accounting World - Research Paper Example However, in many institutions and traditional computing has been replaced with cloud computing. This is owing to the many advantages that cloud computing has over traditional computing. The superior traits of cloud computing over traditional computing include its elasticity, can be easily managed by the service provider and can be commercialized. In addition to that, cloud computing makes it possible for people to share documents with much ease. Thus, owing to the advantages of cloud computing and advancing in technology, many firms are adopting the system. How does the location independence of cloud computing help Deutche Bank or any other organization? Any organization using cloud computing can allow access to their customers to general transactions. In this case, cloud computing will be helping the organization increase its transparency. A direct effect of transparency is increased sales. Especially in a bank, customers want updates about what their money is being used to do. In a ddition, cloud computing also offers the general public an opportunity to learn about many organizations. Increased exposure will lead to increased sales and gaining of new customers. Location independence allows the organization to control the flow of information (King, 2008). This leads to increased security for the customers. Some banks have reported cases of staff members looting customers. This can be eliminated by cloud computing in that only few people can be granted access to sensitive information. The security of any data is protected from anyone wishing to alter anything. In the bank, this is advantageous as it can avoid losses from opportunistic individuals. Another way through which cloud computing offer services to banks and other organizations is by automated saving of data. Once data is entered, it is automatically saved and access of that data is limited to people who have been cleared to have access. Many firms using traditional computing have suffered from loss of data owing to power or machine failure. However, with cloud computing any server can be used to access the data that was stored. Would cloud computing be useful to your school? Cloud computing is designed for both public and private use. I believe that cloud computing can be useful to our school due to its advantages. These include saving time and money for the school. The school can benefit from information technology infrastructure at minimal costs. Also in cloud computing hardware upgrading is not needed which can save the school a lot of money. The time consumed during hardware upgrades which can result in systems shutdown can be avoided and minimized (Combs, 2012). The school will also save time and money in terms of laborers required. Another advantage that can benefit the school is that cloud computing enhances integration of data. Activities undertaken by the staff can be dealt with within a short period leaving a lot of time to deliver quality education to the students. Ano ther advantage is that with cloud computing, the school gets to be a part of developing technology. This can be beneficial to both the students and faculty especially the ones engaged in computer science and information technology courses. The students benefit from an opportunity to practice within their field which gives them some experience. In business organizations, cloud computing has greatly contributed to easy management of the business. Storage and retrieval of records is cost effective and does not consume a lot