Abstract
This paper focuses on assessing the Economic Impact (EI) of Cloud Computing (CC), which has emerged as a powerful technology that can transform business operations and enhance economic growth. This paper employs a narrative literature review methodology to assess the EI of CC, which has emerged as a transformative technology. It begins by examining the economic benefits of CC, including cost savings, improved efficiency, and increased innovation. Subsequently, it explores the challenges associated with assessing the EI of CC, such as data privacy and security concerns, interoperability issues, and the need for new regulatory frameworks. The paper also provides insights into the opportunities and challenges that CC presents for different sectors of the economy, including healthcare, finance, and government. Ultimately, the paper emphasizes the importance of a holistic approach to assessing the EI of CC that considers both its benefits and challenges in order to make informed decisions about its adoption and use.
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