Cloud Computing

The resources to implement innovation strategies requires significant capitalization but that could change with cloud computing.
Cloud computing is term used to describe technology and that will replace how we currently use our computers and software applications.
The concept of cloud computing is that any device connected to the internet can utilize a network of computing resources, infrastructure, applications and storage for far less than what it would cost to use your our own hardware, software and resources.
Additionally, it allows users to have access to applications that they would not have otherwise. Access is as simple as using an interface application or just a web browser.
The cloud is not just a network but potential access to millions of computers in an intelligent, scalable and redundant system with expert support.
Similar to outsourcing the difference and advantages of cloud computing are speed, efficiency, capability and cost, particularly with the increasing popularity of smart phones and tablets.
It allows users to work from anywhere, to perform any task, and use any application. It expands the innovation strategies, creativity and resources of any individual or business.

Innovation Strategies

Cloud computing is comparable to using email or online banking where you log into your account to access and manage your information. The software, applications and storage do not exist on your computer.
But unlike your email or online banking services, clouds can perform complicated engineering tasks, schematics, modeling or mathematical computations involved in implementing innovation strategies, and it can do this in a cost effective and efficient manner.
Some concerns about cloud computing are security and the effect it will have on the computer industry.
The securtiy concerns are similar to those regarding email and online banking. These have proven to have reliable security protocols therefore similar advanced technology has been adopted for cloud computing.
It's anticipated that computer repair and maintenance, as well as IT employment /contracts will steadily decline as cloud computing rises in popularity.
There has been a proliferation of free public clouds appearing on the internet. These services, often referred to as SaaS (software as a service) are easy to use, fast, reliable and very good.
Hopefully, cloud computing will assist independent inventors and small businesses to be more efficient and cost effective in implementing their innovation strategies. At the very least, it should level the playing field.