Impact of Cloud Computing on Business Creation, Employment and Output with Special Reference to SMEs in India

Small and Medium Enterprises seek opportunities to rationalize the way they manage their resources. Information technology had a great impact in all aspects of life and the global economy is currently undergoing fundamental transformation. Information technology has very real impact in most of industries and in all aspects of economy, while businesses and enterprises continue to undergo considerable changes. Usage of these technologies is revolutionizing the rules of business, resulting in structural transformation of enterprises. Modern businesses are not possible without the help of information technology, which is having a significant impact on the operations of Small and Medium Enterprises (SME) and it is claimed to be essential for the survival and growth of the economies in general. It is argued in this article that cloud computing is likely to be one of those opportunities sought by the Small and Medium Enterprises (SME) in these difficult times and could prove to be of immense benefit (and empowering in some situations) to them due to its flexibility and pay-as-you-go cost structure (Pay-per-use: You pay for cloud services only when you use them, either for the short term (for example, for CPU time) or for a longer duration (for example, for cloud-based storage or vault services). Cloud computing is an emerging new computing paradigm for delivering computing services. This computing approach relies on a number of existing technologies, e.g., the Internet, virtualization, grid computing, Web services, etc. Cloud computing is an emerging area that affects IT infrastructure, network services, and applications. The term "cloud computing" has different connotations for IT professionals, depending upon their point of view and often their own products and offerings. As with all emerging areas, real-world deployments and customer success stories will generate a better understanding of the term. The provision of this service in a pay-as-you-go way through (largely) the popular medium of the Internet gives this service a new distinctiveness. In this article, some aspects of this distinctiveness will be highlighted and some light will be shed on the current concerns that might be preventing some organizations from adopting it.