University of The Cumberlands Cloud Computing Technologies Paper

User Generated

funtbt

Computer Science

University of the Cumberlands

Description

For this project, select an organization that has leveraged Cloud Computing technologies in an attempt to improve profitability or to give them a competitive advantage. Research the organization to understand the challenges that they faced and how they intended to use Cloud Computing to overcome their challenges. The paper should include the following sections each called out with a header.

  • Company Overview: The section should include the company name, the industry they are in and a general overview of the organization.
  • Challenges: Discuss the challenges the organization had that limited their profitability and/or competitiveness and how they planned to leverage Cloud Computing to overcome their challenges.
  • Solution: Describe the organization’s Cloud Computing implementation and the benefits they realized from the implementation. What was the result of implementing Cloud Computing? Did they meet their objectives for fall short?
  • Conclusion: Summarize the most important ideas from the paper and also make recommendations or how they might have achieved even greater success.

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Explanation & Answer

Attached.

Running head: CLOUD COMPUTING TECHNOLOGIES

Cloud computing technologies
Name:
Institution:

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CLOUD COMPUTING TECHNOLOGIES
Cloud computing has annexed the attention of any businesses in each industry. Many
entities globally progressively are depending on cloud to sell, create goods, make more profits,
and gain competitive advantage. Nevertheless, many companies are hesitant to move to the
cloud despite the massive opportunities to grow their businesses. The gigantic corporations
believe that shifting to the cloud is a process that begins with small, controllable activities and
picks up speed as they achieve assurance in the technology.
The Hartford is an insurance entity based in the U.S. Hartford is the 12th most significant
property and casualty entity in the U.S. that sells products via agents and brokers. Hartford is one
of the companies that transformed the way it delivered services by executing cloud computing.
The company concentrates on elevating its member's mutual funds and property, and cloud
computing helps the entity meet all the consumer's needs. Besides, by taking advantage of cloud
computing advantages, Hartford anticipates to minimize expenses, enhance the availability of
systems, and deliver products and services faster.
In 2009 Hartford encountered a massive loss after the insurance shares fell more than 8%
in opening trade. The organization announced a more significant than anticipated loss, and it
made a decision not to compose a new endowment business in the U.K. and Japan. The company
faced a net loss of $3.77 per share, equivalent to $ 1.21 billion. The company canceled some of
its businesses in Japan and suspended its plans to establish selling annuities in Germany due to
the loss. The organization is a market forerunner in mutable grants, and its investments are fixed
to the stock market's performance that offers benefits like monthly withdrawal. So, the massive
drop in its shares plagued Hartford with the need to juck up capital to compensate its clients and
sustain their credit scores.

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CLOUD COMPUTING TECHNOLOGIES
However, The Hartford embraced cloud computing by bringing together the latest
network-connected technology with the organization's proficiency, data, and risk management to
prevent damages to its clients. The company used connected tools, which represented a chance
for them to assist the clients in avoiding claims like dropping shares and creating real-time
insights into risks. The company planne...


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