OVERVIEW OF CLOUD COMPUTING IN BUSINESS

Cloud Computing remains a big IT trend as it offers a solution to the challenges companies face for a long time—rising IT costs, the constant need for capital investments, and increasing energy consumption. Businesses, educational institutions, governments, and individuals are looking at cloud offerings to be able to manage information instead of infrastructure. In this review we look at the phenomenon of cloud computing from the business prospective; we discuss how cloud computing disrupts industries and enables new business models, what legal issues are yet to be overcome for cloud computing to reach its full potential and how to address possible barriers. Further, we present the state-of-the-art in the area of cloud integration in business, and discuss some cutting-edge issues such as energy consumption and carbon emission in energy-efficient load balancing systems. We conclude with discussion of possible paths in which the cloud computing will evolve in years to come.