Cloud computing and its economic perspective

The economies around the world are increasingly becoming dependent on ICT system. A marginal change in this is reflected in huge financial numbers and economic analysis. The ICT system is experiencing a remarkable shift in the form of cloud computing. Cloud computing is changing the landscape of the traditional information technology infrastructure. And likewise is changing the economic perspective associated with it. Economics forms the basis of every business decision and it is also the underlying force beneath the major decisions of the governments of different countries. This technology has forced the businesses and governments equally to remodel the existing system and the way the work is being carried out regarding the use of Information and Communication technology. This research paper reflects on associated benefits, economics and obstacles on the road to wider acceptance of cloud computing.