FD Insights Issue 11 | Page 15

The Advantages of Cloud Computing Ilias Tsagklis from the website Java Code Geeks lists some of the main advantages of cloud computing. For more information, visit www.javacodegeeks.com Cost Efficiency Resiliency and Redundancy T A cloud deployment is usually built on a robust architecture thus providing resiliency and redundancy to its users. The cloud offers automatic failover between hardware platforms out of the box, while disaster recovery services are also often included. his is the biggest advantage of cloud computing, achieved by the elimination of the investment in stand-alone software or servers. By leveraging cloud’s capabilities, companies can save on licensing fees and at the same time eliminate overhead charges such as the cost of data storage, software updates, management etc. The cloud is in general available at much cheaper rates than traditional approaches and can significantly lower the overall IT expenses. At the same time, convenient and scalable charging models have emerged (such as one-time-payment and pay-as-you-go), making the cloud even more attractive. Convenience and Continuous Availability Public clouds offer services that are available wherever the end user might be located. This approach enables easy access to informatio