Cloud Computing: The Pros and Cons

Cloud Computing the pros and cons

Cloud Computing essentially lets you access your applications and documents from anywhere in the world where you have internet access. These days there are hosted services available for almost anything you would need a computer for, examples include:

The Pros of Cloud Computing The Cons of Cloud Computing
You can access your data at anytime from anywhere so you are not tied to your desk or to a particular computer. You need to have a reliable constant internet connection.  No internet could mean no work!
Cloud computing opens the way for group collaboration. Documents can be edited and reviewed at different locations at the same time. Low internet speed connections can cause problems as it will take longer to load documents or applications
Lower computer and software costs as you don’t need to have lots of disk space as your files are in the cloud and you don’t have to spend a lot of money on software licenses. Advanced features may not be available, for example Microsoft PowerPoint has a lot of advanced features that are not available on applications such as Google Presentations or Prezi
Your data is protected, if your hardware fails your information is still in the cloud. Stored data may not be completely secure. Companies do generally say that data is secure, but there is no way of being completely sure.
Unlimited storage capacity. Stored data may be lost if your cloud lets you down
The latest version of the application is always available, you don’t have to worry about buying upgrades or keeping up with the latest releases.Accounting and bookkeeping applications are of particular relevance here, if tax rates change then you can be assured that this will be updated automatically for you.