What Does Cloud Computing Mean For Business?Recent IDC research shows that worldwide spending on cloud services will grow almost threefold, reaching $44.2 billion by 2013. Despite the considerable marketing and publicity surrounding the concept of cloud computing, security concerns mean that there is an enduring resistance to the full adoption of this new technology. Assignment requirements:1. Introduction 2. Comprehensive description of the concept of cloud computing, and its implications for business 3. Comprehensive description of the factors that are preventing the full adoption of this technology 4. Two case studies of organizations that have successfully adopted cloud technologies 5. Two case studies of firms that are offering/launching solutions that solve the problems surrounding cloud computing6. Conclusion7. Bibliography Suggested reference sources:- FT- NY Times- WSJ- London Times- Computerworld- Infoworld- cloudcomputinngexpo.comPlease note, the above references are offered as a starting point for your research. Students are required to conduct further research using other reference sources in addition to those listed above.• The essay should be 2,000 words. • It must be typed and submitted in both print and digital format, e-mail firstname.lastname@example.org by Monday 05 November, 2012. Scripts not received in both formats will be considered incomplete.• Referencing: All material must be referenced with footnotes and bibliography. Any unreferenced material will not be counted.• This assignment accounts for : 50% IB, 50% BAAF, 50% Hospitality, of the overall course grade.• Any late submissions will be subject to losing 1% of the overall grade per day.