International Research Journal of Engineering and Technology (IRJET)
e-ISSN: 2395-0056
Volume: 12 Issue: 06 | Jun 2024
p-ISSN: 2395-0072
www.irjet.net
Cloud Computing Strategies for small and medium business Industry: Prospects and Obstacles Bhagya Laxmi Vangala ETL Architect, XT Global Inc, Princeton, TX-75407 ---------------------------------------------------------------------***---------------------------------------------------------------------
ABSTRACT: This research attempts to explore the five strategies, prospects and obstacles of cloud computing adoption for the small and medium sized businesses (SMBs). According to it, by analyzing results from various studies it finds major factors like operational efficiency, cost savings and business agility. At the same time, it brings out barriers such as lack of skilled people, financial constraints, and security concerns. The study lays down actionable recommendation using quantitative data, graphical illustrations, and case-based evidence for SMBs to adopt resilient and secure cloud strategy. These insights are to allow SMBs to overcome cloud adoption challenges with maximum influence to the transformative potential of the cloud for long term growth and competitiveness. KEYWORDS: SME, Cloud Computing, AI, ML
I. INTRODUCTION As a crucial technology for Small and Medium Sized Businesses (SMBs), Cloud Computing has provided the opportunity that SMBs afforded to use their infrastructure to fulfill their transactions and operation requirements, at the same time that they enjoy the value of entering a transaction based on the technological level of today and thereby enjoy transit benefits of saving on the investments while concentrating their resources for other operations, as if they were in high condition, thanks to the technological level of the scientific period in which the construction placed them. Cost and scalability are the major reasons behind the shift of SMBs towards cloud IaaS, PaaS and SaaS solutions, which is a dynamic digital environment that has been ampliated by remote operations, and thus has heightened need to become flexible and scalable. Include however there are enough benefits, however, the smbs are faced by the security, vendor lock in, and skills shortage. The purpose of this study is to explore both the strategic challenges and practical disadvantages associated in cloud adoption for SMBs to derive insights into how businesses can digital transformation journeys sustainably and securely.
II. RELATED WORKS
SMEs have found that cloud computing is a revolutionary trend which provides scalable, flexible and economical IT
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Impact Factor value: 8.315
These determinants have been explored many times in the literature, using integrated models such as Technology Acceptance Model (TAM), Diffusion of Innovation (DOI) and Technology Organization Environment (TOE) framework. For instance, a study on cloud adoption intention among 271 SMEs of the northern region of India found that the factors such as relative advantage, security concerns, top management support, external pressure, and service provider support play a critical role in the cloud adoption intention [1]. Using this integrated approach helped improve the predictability of the model because it forms a whole, and a whole can predict better than a sum of its parts. Further research, for example, has applied a hybrid SEM-ANN (Structural Equation Modeling - Artificial Neural Network) on a sample of 415 SMEs which also concluded that relative advantage, complexity, top management support, cost reduction, and government support have a strong impact on the cloud computing integration [2]. It was found that complexity has the biggest influence on SMEs, so cloud technologies are often seen as entangled and difficult to implement by SMEs. These findings support the notion that perceived benefits and ease of use of cloud services and other external pressures including competition and government policies have strong influence on SMEs’ adoption behaviour. In addition, perceived cost advantage plays an extremely important role. SMEs have a powerful incentive to adopt cloud computing because the economics shift in favor of SMEs, making robust enterprise grade infrastructure available when before they had to make large upfront investments. Nevertheless, success with adoption depends on top management’s support for driving digital transformation initiatives within their organizations [2][10]. Benefits of Cloud Adoption
Determinants of Cloud Computing
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resources. Nevertheless, cloud computing is a complex interplay of technological, organizational and environmental factors that impacts decision to adopt cloud computing.
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Major improvements in the operational, financial, environmental, and social performance of SMEs have been demonstrated to be the result of adoption of cloud
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