Several years ago barriers abound for companies looking into adopting cloud computing technology, including the costs among cloud providers and the debate over cloud vs. on-premise data centers and software. Today, these barriers are far less of a concern and the conversation has moved on from the “should we do it” mentality to focus on what companies can do with cloud computing. Google’s announcements align with what we’re seeing from other major cloud players like Amazon, Microsoft and IBM. The conversation among these companies revolve around how the cloud changes business operations from the small “Mom and Pop” stores to global enterprises. As this technology continues to evolve, cloud providers are modifying their offerings and improving security, making way for new business models and applications. At Google’s recent “Google Cloud Next ‘18” conference, Google Cloud CEO Diane Greene said, “Throughout Next ’18, we will be going deep on AI and security, areas that Google invests in heavily. Why? Because security is the number one worry, and AI is the number one priority.”
FASB Simplifies Accounting for Cloud Computing Service Arrangements
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