CLOUD COMPUTING BASED INFORMATION SYSTEMS - PRESENT AND FUTURE

The current economic crisis and the global recession have affected the IT market as well. A solution came from the Cloud Computing area by optimizing IT budgets and eliminating different types of expenses (servers, licenses, and so on). Cloud Computing is an exciting and interesting phenomenon, because of its relative novelty and exploding growth. Because of its raise in popularity and usage Cloud Computing has established its role as a research topic. However the tendency is to focus on the technical aspects of Cloud Computing, thus leaving the potential that this technology offers unexplored. With the help of this technology new market player arise and they manage to break the traditional value chain of service provision. The main focus of this paper is the business aspects of Cloud. In particular we will talk about the economic aspects that cover using Cloud Computing (when, why and how to use), and the impacts on the infrastructure, the legalistic issues that come from using Cloud Computing; the scalability and partially unclear legislation.