Cloud computing in the services industry?
Tuesday, December 8, 2009 at 09:21AM Of course! It's a perfect match.
Let me first give an explaination of what "Cloud Computing" is here. It is the outsourcing of the hosting and purchasing of investment software. That can be anything from Application Tracking Systems (ATS) or business operations like payroll, auditing, time entry or CRM.
I do believe there is a break even point for larger companies where it doesn't make financial sense to use some of these options, but I believe that number is moving upward. The real advantage is focused on small to mid level operations. It allows you to use the same high end software that the big guys do but without the big money outlay for equipment, people support and software. You get the upgrades and usually online help for free!
Some objections usually are in the ownership and security areas, but take a real look if you really need these anyway? You want to pay attention in the contract if you want to pull out, you can take your data with you. You want some level of separation from those outside your company having access to your data. But these all are doable, just discuss with the vendor and make sure you're clear and understand the implications.

