The Business of Cloud Computing
Igor Faynberg, Hui-Lan Lu, Dor Skuler · 2015
This chapter evaluates the business impact of Cloud computing. It starts by outlining the IT industry's transformation process, which historically took smaller steps – first, virtualization and then, moving to Cloud. This process has progressed in a dialectic spiral, influenced by conflicting developments. The centrifugal forces were moving computing out of enterprise – “Shadow IT” and Virtual Private Cloud. Ultimately, the development has synthesized to bring computing back into the transformed enterprise IT, by means of Private Cloud. Next, the chapter considers the telecommunications business, which has been undergoing a similar process – known as Network Functions Virtualization – in which telecoms’ own Private Cloud is being developed.