Cloud
There are several impacts the cloud computing will bring about for a number of different stakeholders, including consumers and businesses. For the most part, these impacts should be positive, but there are definitely some reasons for caution as well.
Cloud computing reflects the concept that information is stored over the Internet, rather than on your hardware (Griffith, 2016). It is still stored in hardware, of course, that hardware being owned by the cloud storage operator. There are some advantages and disadvantages associated with this storage model, and some that are basically a double-edged sword.
First, cloud has the advantage of ensuring that your data is protected. In local storage, anything that is stored locally is at risk if the hardware on which it is stored is damaged or destroyed. If something is on your computer, and your computer crashes, that something is lost. You can back up this data, which will alleviate this issue to some extent, but cloud storage is not only offsite, but usually comes with redundancy in multiple data centers, meaning that your data will never be destroyed, no matter if your entire home or office is. You simply turn on a computer...
References
Griffith, E. (2016) What is cloud computing? PC World Retrieved October 15, 2017 from https://www.pcmag.com/article2/0,2817,2372163,00.asp
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