Cloud Computing is several significance in IT Industry. There is lower capital expenditure and quicker rollout of products and services.
Cloud Computing is more into storing, managing and retrieving data hosted on the internet. Companies are not rushing to invest on clouds due to data security reasons, less broadband speed availability,small ROI and less support from existing IT applications.
Cloud computing would be an area of future investment for INDIA INC. Airtel which is India's mobile services provider has implemented Cloud computing with few issues.But there is mismatch between the expectation and results for the companies who tried cloud computing. At present there are no financial services companies on cloud.
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