Components of Commercial Value Chain
February 12, 2025
As mentioned in the earlier articles, Six Sigma helps the organization develop at various levels viz. operational, tactical and strategic. While the operational and tactical goals of cost reduction and increased customer satisfaction are well understood and appreciated, the strategic intent behind Six Sigma is not well recognized. It is the pivotal factor, however in […]
Given the usefulness of the fishbone diagram, it is essential that every student of quality and six sigma know how to use it. To aid the students in learning, here is a step-by-step procedure of how a fishbone diagram must be drawn: Step 1 – List The Effect (Problem) to the Right: A fishbone diagram […]
What is the Pareto Principle ? The Pareto Principle was an observation of a famous Italian economist named Vilfredo Pareto. He was trying to analyze the distribution of income amongst the population of Italy. That is when he observed that 80% of the income generated went to 20% of the population. He then began observing […]
Although the Six Sigma process has tried to make the process of developing problem and goal statements into a science, however in reality it still remains an art. This combined with the fact that goal and problem statements go a long way into the execution of the project make it important to understand what are […]
Almost all startups being funded nowadays have an online business model. This is the reason why they appear to be similar to each other. However, this observation is a flaw in the thinking of the untrained observer. Not all online business models are similar to one another. There are many varied forms of models that […]
Emerging platforms are new technology developments and business models for which a theory is yet to be formulated, and yet there are rapid, radical innovations happening in their field.
In this article, we will learn about one such platform - Cloud Computing by doing a critical assessment of its current trends, appreciate the challenges in implementing it and gain a perspective on how this technology impacts business outcomes.
Cloud computing is a suite of tools which enables companies to lease their digital assets somewhere ‘in the cloud’. So unlike the ‘on-premise’ data centers, the location of computers, applications and databases that employees are using is unknown.
The point is to free companies from details and ‘rent’ whatever is needed from the cloud. They don’t need to buy and thus the IT expenses are switched from fixed capital to operating expenses.
Let us clarify some jargons that are often used in tandem with the cloud terminology. The offerings of the cloud can broadly be categorized into the following:
Apart from doing away with purchasing and installing massive data centers and making information available on web browsers, cloud has several benefits:
The IT department has to perform the repetitive task of creating a folder for each user and granting them the required access. If the folder details are to be shared with anyone else, the requisition has to again be routed via the IT department. In contrast, a cloud environment can enable self administration of accounts.
The cloud is still in its infancy stage and hence is an emerging platform. There is a fast increase in the number of cloud vendors; they are trying to be creative and segregate their offerings. In times ahead, there are expected to be transformative changes in this field and wider acceptance of the technology.
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