Describe top-three fears in competing in global market
Course:- Accounting Basics
Reference No.:- EM13860395

Assignment Help
Expertsmind Rated 4.9 / 5 based on 47215 reviews.
Review Site
Assignment Help >> Accounting Basics


"The Cloud Effect" Please respond to the following:

Many firms are relying on cloud computing, also known as "the cloud," to perform key business functions. By moving transactional processing to the cloud, firms are exposing themselves to additional attacks as well as to tighter scrutiny from regulators and stakeholders. From the e-Activity, assume that you are the CFO of Amazon.com. Create an argument indicating how your firm will be able to balance the needs of security with the desire of being a dominant player in the global market.

As the CFO, describe your top-three fears in competing in the global market, and how you plan to overcome those fears. Provide support for your rationale.


Verified Expert

Preview Container content

With the changing time the working environment of the business houses are changing at faster pace. Many firms have shifted their key functions to the cloud computing technology as it provides to do business more efficiently and effectively throughout the global and are very significant in today’s world for multinational company which is carries out its business around the world. Cloud service is cheaper for company as it saves the cost of maintaining in-house servers.

But as firms are using cloud service they are exposing their internal affairs and mostly sensitive data to the cloud service providers and illegal hackers. Having their internal sensitive data exposed companies can become vulnerable as data related to their consumer can be listed online. Recently, two hacking events exposed the negative side of using cloud computing services which are Amazon’s EC2 cloud computing services and Sony’s PlayStation security breach. After this incident the weakness in the system was revealed at the cost of the consumers and the company after that promised to strengthen their security. The security risks are as follows under cloud computing services.

Put your comment

Ask Question & Get Answers from Experts
Browse some more (Accounting Basics) Materials
How would you model explicitly these two factors' impact on equities A and B? What assumptions will be required to assure general applicability of the standard APT framework
When companies accumulate costs, they generally use either a job-order or a process costing system. The type of system used often varies based on the type of product or serv
On December 31, 2014, Baxter Company reported $8,000 in prepaid insurance on its balance sheet. The insurer requires Baxter to pay the annual premium of $24,000 in advance.
A firm has purchased, for 50,000 FCs, an electric generator from a foreign firm. The exchange rates were 1 FC = $0.80 on the delivery date and 1 FC = $0.76 when the payable
Explain the decline in deficits and subsequent surpluses in the late 1990's. Explain the return to deficit spending since the turn of the century. Consider the causes of the d
On January 1, 2013, NRC Credit Corporation leased equipment to Brand Services under a direct financing lease designed to earn NRC a 12% rate of return for providing long term
Journalize all entries required on the above dates, including entries to update depreciation on assets disposed of, where applicable. Cleland Corporation uses straight-line
Green Corporation made extensive modifications to a portion of a building so that it could be used to conduct product research. Discuss whether the modification costs would