Business Administration 3300K Study Guide - Quiz Guide: Business Agility, Green Computing, Business Analytics

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S7-mis: cloud computing the business perspective marston et al. Formal definition of cloud computing: informational technology service model where computing services are delivered on-demand to customers over network in self-service fashion, independent of device & location; users pay for service as operating expense = no initial capital expenditure. Key advantages of cloud computing: lowers cost of entry for smaller firms trying to benefit from compute-intensive business analytics. Architecture for data warehousing: includes the component parts and the relationships among the parts data sources, etl software, data stores, data analysis tools & applications, users. 3. 1 three core technological concepts shaping cloud computing. Virtualisation: technology that hides the physical characteristics of computing platforms from users, instead presenting an abstract computing platform; can be configured on demand, maintained & replicated very easily. Multitenancy: concept in which single instance of an application software serves multiple clients.