What is Cloud computing and accounting?
What accountants need to know?
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?
Many people agree that cloud computing can be traced all the way back to the sixties ...view middle of the document...
This year I helped my company sign up for an Ipad based app (Blue Alligator) that helps our sales team take order while on the road. This application has come in very handy, it help eliminate errors from the sales representation taking the order, as we had a write by hand every order. Also it allows us to process the order the minute the sales presentation finalizes the order, which eliminates our order processing cycle by at least 24 -48 hours. While this system has been great for us, like most cloud-based application it this has some bugs that need worked out. One of the biggest issues it has is not allowing us to modify the orders some they have been transmitted to the cloud. While this might seem like a simple fix they have, its open project has been going on for over a year now.
Security is one issue that continues to come up with cloud computing. While we all might agree that cloud computing has secure marketplace for years to come, there is a high concern about security. In 2013 the Cloud Security Alliance (CSA) issued an article “The Notorious Line” that outlines the top 9 threats to cloud computing. The threats are as follows:
1. Data Breaches
2. Data Loss
3. Account Hijacking
4. Insecure APIs
5. Denial of Service
6. Malicious Insiders
7. Abuse of Cloud Services
8. Insufficient Due Diligence
9. Shared Technology Issues
I will discuss the first two treats as they seem to be the most harmful and highest threats. While we have seen many data breaches lately with large business for example Target and most recently Home Depot. Now both of these companies spend millions of dollars yearly to maintain and manage data breaches, hackers were still able to bypass these measures. And as I mentioned early that cloud computing is mostly used by small to mid-size company, that don’t have the same amount of money to spend on IT as large companies, how can we trust that data breaches will not occur. Many questions have risen on have safe Cloud Computing really is. Data loss is a huge concern to companies in general. Last year during fourth quarter, our peak shipping season our server crashed, and we lost 2 weeks of data. While 2 weeks of data doesn’t seem that much, the timing made it worst. It took that company almost 3 weeks to recover all the lost data. The server that went down as local server, and we have backups in place that helps the situation. Now with a cloud provider you really don’t know what steps they are taking to back up your data. What if they have a fire, or a hacker breaches there system and deletes all the data. Data losses don’t just fall on the provider’s shoulders. There are situation where a customer might use an encryption key before uploading its data to the cloud, if that encryption key is lost by the customer, the data will be lost as well.
Cloud computing is said to be in its infancy stage, business are flocking to cloud apps to run their business. Many large sofware providers are joining the fast...