PKF O'Connor Davies Accountants and Advisors
PKF O'Connor Davies Accountants and Advisors
Insights

Cloud Computing: Critical Risks Small and Mid-Sized Organizations Should Address

Article Excerpt:

For most small and mid-sized organizations, cloud computing is now a widely-accepted, convenient transformative technology solution that relies on a service provider to deliver a shared pool of computing capabilities (e.g. servers, storage, routers) to its customers over a private, public or hybrid network.

Whether the user access is via laptop, desktop, mobile phone or some other personal device, the virtualized computing resources are made available for use on an on-demand basis that can be scaled upward or downward to meet a wide array of customer requirements. From a customer’s standpoint, you provision and pay for what you consume and, typically, require less technical support staff, while the provider invests in acquiring, deploying and managing the computing resources.