Economic Aspects of the Application of Cloud Computing

The Paradigm, on which cloud computing was built, as a new model for using IT services, has been known since the beginning of computing, and was created as a result of analogy with the way public utility services are used and paid for: water, gas, electricity, telecommunication services, etc. However, the practical realization of this idea was only possible after the emergence of the Internet and the rapid development of a range of other information and communication technologies. One of the root causes of both the development and the progress of cloud computing is significant time savings, lower risks and fewer barriers to the introduction of new applications, as well as significant cost savings in the implementation of IT projects. The aim of this paper is to briefly introduce some areas of cloud computing, then explain the key benefits and attractiveness of cloud computing in relation to other types of computing, and ultimately consider the economic aspects and issues that are related to it.