Cloud Economics
Sowmya Karunakaran · 2016
Cloud computing has emerged as a key information technology and systems (IT/IS) model over the last decade. Based on a number of technical advances in this area, major organizations have developed and delivered, and continue to deliver, cloud computing services. This growing supply and adoption of cloud, which is perceived as the fifth utility, has triggered the commoditization of IT, and in turn has instigated the need to look at this area from a business perspective. Given this evolving area of research, concepts arising from fields such as economics and management have become pertinent to the new realm of computing. This chapter will serve as a compilation of topics pertaining to the economic considerations of cloud computing such as adoption, pricing, supply chain, market models, stakeholders and network effects.