Reference no: EM132594231

One of the recent announcements relating to the use of cloud computing in Australian was made by Microsoft's Executive Vice President for Cloud + Enterprise Scott Guthrie to launch newest Azure Geography (Geo) in Australia open for business. The Azure Geography has improved the geographically redundant regions in New South Wales and Victoria. They are developing a world class cloud ecosystem which reduce the latency rates and address data sovereignty considerations of Microsoft customers and partners. One of them, Commonwealth bank is using the cloud computing so that the users of the bank can better technology services and Gexibility along with the benefits of Azure-Geo. Centium Software, one of the event management software providers is also using AzureGeo's hyper scale capabilities. These two organizations thought of getting the benefits of the cloud ecosystem of Microsoft for their long -term achievements of the strategy and also tried to get the IT help of processing of data from Microsoft.

Because of cloud computing, the organizational strategies will be focused in better way as the set up and maintenance burden of IT has been transferred to someone else and we don't require focus on that part. It gives a positive impact on value chain as the participant of the value chain can be added to it, the personnel in the organization can work more effectively and efficiently. We do not have to worry about data storage or accessibility of the data as it can be done through internet from everywhere. There are some of the issues still there like data security, reliability but with the trusted cloud service provider, those can be improved.

Question 1: Discuss the implications of cloud computing towards the accounting process and environment.