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Cloud Computing

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What is Cloud computing and accounting?
What accountants need to know?

INTRODUCTION
In recent years, with the advances in technology, for example cell phones, tables and laptops, business are turning to cloud solutions to increase productivity. While the concept of having crucial data at your fingertips sounds fascinating and attracting. Business need to be quarry and resource the software in depth before they commit to a cloud solution. During this paper will explore the pros and cons about Cloud solution software’s. Are they the next big thing in business or a disaster waiting to happen?
HISTORY
Many people agree that cloud computing can be traced all the way back to the sixties when J.C.R. Licklider. His vision was for everyone on the globe to be interconnected and accessing programs and data at any site, from anywhere, explained Margaret Lewis, product marketing director at AMD. "It is a vision that sounds a lot like what we are calling cloud computing." But we had to wait until the late nimieties since the internet only started to offer the necessary bandwidth cloud computing requires. The first major milestone for cloud computing can be attributed to Salesforce.com in 1999. Salesforce.com vision was to create a customer relationship management (CRM), which would help companies create communication with its customers. Some other milestones was Amazon Web Services in 2002, Amazon launched its Elastic Compute cloud (EC2) in 2006. By 2009 companies like Microsoft and Google had joined the cloud computing market delivering business and consumers’ applications in a simple online platforms.
CURRENT STATUS
There is no denying that cloud computing has been adopted by both large and small companies. But it small to midsize companies are leading the way when it comes to replying on the cloud. A survey conducted by Spiceworks showed that 60 percent on small

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