Impact of Cloud Computing on Entrepreneurship, Cost, and Security

Abstract

Cloud computing is the latest computer paradigm to emerge from ICT achievements, especially Internet services and virtualization. Global cloud service companies provide cloud services to people and businesses. As companies go to the cloud, the industry grows. Cloud computing offers both pros and cons for enterprises. This chapter examines cloud computing for startups. Cloud computing is trendy. Businesses are often uninformed of the cost and security consequences of cloud computing. Cloud computing is cost-effective, but security issues remain. Cloud computing’s influence has been studied. Few studies have examined cloud computing security and cost for businesses. The report assesses the economic and security benefits and risks of cloud computing for businesses. It examines the economic risks and security benefits, recommending that businesses consider them. Data was gathered from IT pros. Outdated cloud pricing models are a cost concern. Faster data recovery and transfer, centralization, and better software procedures and maintenance boost safety. This article includes cloud computing cost-cutting and security tips. Reduced operating and administrative costs are the biggest savings. According to the study, small and medium businesses use hybrid cloud computing. Without realistic pricing models, global regulatory frameworks, and supranational security demands, costs and security can’t be avoided.