Define Cloud Computing and Identify the Business Benefits of Cloud

question 54

Essay

Define cloud computing and identify the business benefits of cloud computing.

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Definitions:

Credit Rating

An assessment of the creditworthiness of a borrower in general terms or with respect to a particular debt or financial obligation.

Prime Rate

The interest rate that commercial banks charge their most creditworthy customers, typically used as a benchmark for many other loans and credit products.

Bank Deposits

Funds that customers place into a bank account, which can range from savings and checking accounts to fixed deposits.

Financial Problems

Challenges faced by individuals or organizations in managing their money, often leading to a lack of financial stability or solvency.