Authors : Maduabuchukwu Augustine Onwuzurike

Volume/Issue : Volume 9 - 2024, Issue 5 - May

Google Scholar : https://tinyurl.com/yuw626r7

Scribd : https://tinyurl.com/5befp2pa

DOI : https://doi.org/10.38124/ijisrt/IJISRT24MAY1039

Abstract : In today's world, cloud computing has become a new way of thinking about technology that promises many benefits to businesses. Businesses can cut down on capital costs, improve agility, and better use their resources by using virtualized and scalable computing resources provided over the Internet. Moving to the Cloud, however, brings new problems and risks that must be carefully considered. The article carefully considers the pros and cons of using the Cloud for businesses from a strategic point of view. We put together key benefits like lowering costs, growing, and being flexible in business by looking at literature from different areas, like management, computer science, and information systems. At the same time, we look at the most common risks, such as security issues, being locked into one vendor, following the rules, and losing control over data and systems. It also suggests a decision strategy that businesses can use to systematically figure out if cloud computing is a good fit for their specific operations. Our study adds to the body of academic knowledge by promoting a more complete understanding of the strategic effects of cloud computing. It also gives practitioners a strong analytical lens to help them understand the complexities of this paradigm shift.

Keywords : Cloud Computing, Strategic Advantages, Scalability, Security Risks, Vendor Lock-In, Business Agility, Cost Optimization, Compliance Challenges.

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