Cloud computing, by nature, requires the interaction of various entities and, as this technology grows, interactions between various companies are becoming the rule rather than the exception. Because of this, it is important to understand which parties, if any, are involved in your cloud computing services apart from your company and the vendor. Third parties can enter a cloud computing service in an outsourcing agreement.

The billion dollar empire that is the gaming industry has hit a major breakthrough with cloud hosting rising to fame. Hosted on various virtual servers, gamers experience a new high with easier access and lower costs delivered by cloud hosting companies.

When adopting cloud computing for your business, making sure that your data is properly backed up and that not all of your “eggs are in one basket” can save you money and time and ensure that your data is safe. Most cloud services providers will give you options with regard to cloud hybridization and avoiding risks with multiple locations. However, these are often all on the same cloud, which may pose a risk. So how to get around that?

A great result of the expansion of cloud computing services has been the democratization of IT services. Companies that could only afford basic IT can now go in for full-fledged ERP solutions. However, while the cost barrier has been broken, the knowledge and skill barriers still remain.

Cloud technology levels the playing field for small businesses to compete with large corporations. The importance of SMB competition today will greatly help in the revitalization of the economy.

With the emergence of cloud-based services, startups today are given more options apart from the traditional VC funding.

Telcos saw an opportunity from acquiring cloud service providers by maintaining customers within their own network. This also allows them to expand and package their product offerings to provide more comprehensive business solutions.

The legal profession is seeing benefits of cloud services, secure data accessibility, and pay-as-you go hosting models for practice management.

June survey shows that 49% of global cloud providers expect growth of cloud services to come primarily from small business sector over the next 12 months.