Cloud Computing is the delivery of computing services, such as servers, storage, databases, networking, software, and analytics, over the internet (“the cloud”) to offer faster innovation, flexible resources, and economies of scale. This model allows businesses to access technology services without owning or managing physical infrastructure, thus enabling pay-as-you-go pricing.
Key Benefits
– Scalability and Flexibility: Cloud computing enables businesses to scale resources up or down based on demand, providing flexibility to support business growth and fluctuating needs without the need for significant upfront investments in hardware.
– Cost Efficiency: By utilizing cloud services, organizations can reduce capital expenditures on hardware and infrastructure. Instead, they pay for what they use, which aligns closely with operational costs.
– Enhanced Collaboration: Cloud solutions facilitate improved collaboration by allowing multiple users to access and work on documents and projects simultaneously from various locations, enhancing team productivity and efficiency.
– Disaster Recovery and Business Continuity: Cloud computing offers robust backup and recovery solutions that ensure data protection and quick restoration in case of data loss or disasters, significantly enhancing business continuity plans.
– Access to Advanced Technologies: Cloud platforms offer easy access to advanced technologies and tools, such as artificial intelligence, analytics, and machine learning, enabling businesses to innovate rapidly without developing complex technology infrastructure in-house.
Related Terms
– Scalability and Flexibility: Cloud computing enables businesses to scale resources up or down based on demand, providing flexibility to support business growth and fluctuating needs without the need for significant upfront investments in hardware.
– Cost Efficiency: By utilizing cloud services, organizations can reduce capital expenditures on hardware and infrastructure. Instead, they pay for what they use, which aligns closely with operational costs.
– Enhanced Collaboration: Cloud solutions facilitate improved collaboration by allowing multiple users to access and work on documents and projects simultaneously from various locations, enhancing team productivity and efficiency.
– Disaster Recovery and Business Continuity: Cloud computing offers robust backup and recovery solutions that ensure data protection and quick restoration in case of data loss or disasters, significantly enhancing business continuity plans.
– Access to Advanced Technologies: Cloud platforms offer easy access to advanced technologies and tools, such as artificial intelligence, analytics, and machine learning, enabling businesses to innovate rapidly without developing complex technology infrastructure in-house.
References
For further insights into these processes, explore the following Zycus resources related to Cloud Computing:
Filter by
Maverick Spending
Maverick spending—also referred to as maverick buying, occurs when employees make purchases outside approved procurement processes, policies, or supplier contracts.
Supplier Lifecycle Management (SLM)
Supplier Lifecycle Management (SLM) — also known as Vendor Lifecycle Management — is the end-to-end, strategic management of a supplier
Purchase Requisition Software
Purchase Requisition Software is a digital solution that standardizes, automates, and governs the process of requesting goods and services before
eSourcing Software
eSourcing software is a digital platform that automates, standardizes, and governs the strategic sourcing process — from supplier discovery and
Invoice Approval Software
Invoice Approval Software automates the review, validation, and authorization of supplier invoices before payment. It ensures that every invoice is
Supplier Management System (SMS)
A Supplier Management System (SMS) is an integrated digital platform that centralizes, governs, and optimizes all activities related to suppliers





















