The possibilities of cloud computing

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In recent years, one of the IT developments touted to businesses of all sizes has been cloud computing, with promises that it can lower costs and increase flexibility.

IFAs may find benefits in these qualities, yet it is important they are aware of some of the key issues surrounding it. While there is no strict definition, cloud computing is the provision of IT services through a hosted provider rather than local computers and servers. Data and services can be accessed through an internet connection from any computer, as well as a range of other devices that have access to the web. The main advantage of cloud computing is that it relegates the need to invest capital in software and hardware as this is taken care of by the provider. Instead, mo...

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