Cloud computing applications give business owners incredible freedom in what concerns the business process and the opportunity to save a lot of money. They basically imply the fact that all the necessary applications needed in a company are loaded on a remote server belonging to a service provider and they can be accessed from anywhere just using an Internet browser. Simple examples of cloud computing are web-based e-mail services like Gmail or Yahoo Mail. Instead of having an application installed on your computers, you just access it whenever you want. Of course cloud computing applications are more complex than web based e-mail services. They are very advantageous to be used by companies in terms of saving money, saving time and having access to data at any point from anywhere. The business owners just have to pay a fee and they will have an account that can be accessed regardless time and location.
Cloud computing applications eliminate the problem of buying expensive hardware that can support all the needed applications and the problem of buying software and software licenses. The terminal from which you can access the account doesn’t need to be very performing because the applications you normally use are not installed on it. There is no need any more to have software licenses for all the employees using a certain application. Another way of saving money due to cloud computing applications is that you also don't need IT support in your company. It's far easier to let the service provider deal with any possible problems than to maintain the entire IT infrastructure a company normally needs for day-to-day activities.
The best thing about cloud computing applications is that valuable information is not stored on local hardware anymore. If your computers break down, you won't lose important data because they are stored remotely and the service provider takes care of backing them up and recovering them. You don't have to worry about up gradation either because this is also the provider's task. Cloud computing applications can be upgraded whenever external or internal conditions require it.
Although it might seem that cloud computing applications are miraculous - and from the points of view specified above, they really are - there are still some limits they have. Those will probably be solved in time, but for the moment being, they need to be considered. Since all data is stored on a server belonging to a service provider, troubles regarding the security of data might occur. Confidential information needs to be handled very cautiously and there is also the question regarding to whom that data belongs. Another aspect that needs to be considered when talking about cloud computing applications is the fact that there are still some applications that need to be run on your local computers.