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Naren Work:

Cloud Computing Relation with Fractional Ownership

Cloud computing over the last two decades has turned out as one of the popular solutions that enhance the provision of cheap as well as easy access to the externalized information technology assets. There are many organizations all over who have benefitted from the use of cloud computing. In particular, cloud computing is a technique which continuously receives a great deal or increasing attention from individuals at home, corporations and including the government of the United States in publications.

Fractional owners increasingly implement cloud computing software for the efficient and quick sharing of data. As more organizations focus on transiting down the path of cloud computing, users continue to access information, applications, and all sorts of data on any level online as opposed to the utilization of actual devices or hardware. Dnuffy (2018) states, " If your current priorities include lowering technology costs, improving systems security, mobility and reducing system maintenance while enhancing scalability, then a cloud solution is worth considering.” For that reason, an organization which offers reliable cloud computing technology all over the world or in a given area provides a mechanism which should allow for the more comfortable and efficient process of computing in a shared manner since the cloud is a service as opposed to a product. Srinivas, Reddy, and Qyser (2012) assert “cloud computing is not application-oriented but service-oriented.” It is evidenced in various research works that those who use the service share their data or information in a manner that is efficient to permit the accessing and also giving of access to such sites to a specific group or the whole world within the cloud.

The future of cloud computing allows for fractional ownership. This is since information can now be accessed and stored by individuals on designated sections on the cloud as they are disintegrated to enhance increased security. As such, there are numerous capabilities and opportunities with cloud computing as well as the technology behind it. Primarily, this is a new technology which is capable of opening many job vacancies, applications, services, platforms, and much more. Based on this information and others, thousands of possibilities start to arise, especially on fractional ownership to shape the future of cloud computing. An excellent example to support this fact, or maybe view about this technology is that of service providers and vendors getting on board for the development of new strategies and ways to sell their products thus benefiting from accessing a whole vast network of customers in the cloud. Since this is a modern era, Apprenda asserts, “social networking and keeping in touch with friends get a great deal easier as well" (2018). As such, organizations and businesses need to ensure they are organized to conduct their operations professionally but see to it that affordability is considered.

In conclusion, data sharing forms one of the benefits which defines the future of cloud computing as this is something that is quite apparent. Because the future of cloud computing is exceptionally beneficial, aspects such as elasticity and scalability shall be integrated to enable fractional ownership. The future of it would be expansive and powerful to create newer and flexible platforms to allow for the growth of businesses and organizations. Besides, the efficiency of sharing of data as the future holds shall call for the concerns on the security of information as they are sent and stored in the cloud.

References

Apprenda. (2018). Future of Cloud Computing - Apprenda. Retrieved 27 August 2020, from https://apprenda.com/library/cloud/future-of-cloud-computing/

Duffy, H. (2018). Fractional Ownership in Accounting: Cloud Computing Infrastructures. Retrieved 27 August 2020, from https://www.firmofthefuture.com/content/fractional-ownership-in-accounting-cloud-computing-infrastructures/

Srinivas, J., Reddy, K. V. S., & Qyser, A. M. (2012). Cloud computing basics. International journal of advanced research in computer and communication engineering, 1(5), 343-347.

Sri Harsha Work:

Week 1: Cloud Computing & Fractional Ownership

Fractional ownership is mainly determined as a decision in which various organizations take cost-share in relation to the purchase of an asset. This type of organization does not want to run various risks that are associated with the sole ownership in consideration of items that cannot afford to own items on their own. "In general fractional ownership is mainly considered as percentage ownership within the assets” (Rani & Reddy, 2019). This mainly shares within the asset that is extensively used for selling to the individual shareholders. These individual mainly share assets like rights, income, priority access as well as reduce rates.

Many organizations can easily utilize fractional ownership in cloud computing. Because the cloud storage platforms make sure of a convenient way where the users can easily share files along with engaging them within collaborations. “By executing cloud many organizations experience a wide range of benefits” (Kalyanam, 2019). Moreover, the private cloud is mainly operated by individuals in order to easily operate various practices as well as stay protected by firewalls. This will also play a key role in controlling the users' information systems through effective data management. Public cloud will let an individual to effectively serve the information system management in consideration to this the external services providers develop various applications as well as storage. These are available for the general public through the means of the internet.

“The excess amount of information is available on private cloud as well as a public cloud” (Xue & Xin, 2016). In consideration of this many individuals will extensively focus on a wide range of opportunities that are present within the fractional leadership model to cloud. Because this will help the individuals to allow their practices that have made the right decisions in order to go to public cloud solutions. They also recognize that cloud computing will help businesses to easily transform their current technological data.

One of the best examples of fractional ownership is a private aviation company NetJets. The main key concept of this organization is to enable fractional ownership for individuals as well as businesses that are interested within co-ownership. In relation to this, the company has hired as well as managed the pilots (NetJets IP, LLC, 2020 ). Due to this they easily gain overall convenience along with access and time of advantages in order to own the complete aircraft this is mainly processed with respect to a fraction of cost and without any kind of responsibilities. Alternatively, the NetJet hires and manages the pilots along with maintaining plans, scheduling as well as various other logistics and secure safety. Hence likely NetJets is one of the best examples of benefits of fractional ownership within the organization.

Finally, the fractional ownership situation is one of the best practices that pay a percentage with respect to physical data infrastructure, annual management percentage, and maintenance fee. By this, the organizational owners can easily manage the percentage of data environment that is required. Fractional ownership is recognized as financially appealing alternatively that can easily provide a wide range of technological benefits by analyzing back-office technology that develops with a cloud.

References:

Kalyanam, K. (2019). Cloud Computing 1 Strategic Importance Of Cloud Computing In Business Organizations. Researchgate , 01-10.

Netjets Ip, Llc. (2020 ). Netjets. Retrieved From Www.Netjets.Com: Https://Www.Netjets.Com/En-Us/

Rani, V. P., & Reddy, D. B. (2019). Towards Shared Ownership In The Cloud. Reseachgate, 01-10.

Xue, C. T., & Xin, F. T. (2016). Benefits And Challenges Of The Adoption Of Cloud Computing In Business. International Journal On Cloud Computing: Services And Architecture, 06(06), 01-15.