40

Cloud Computing - What is it?

Embed Size (px)

DESCRIPTION

Matt's presentation from the ACCA event

Citation preview

Page 1: Cloud Computing - What is it?
Page 2: Cloud Computing - What is it?

Introduction

MATT HOLMES

MD of Liquid Accounts LimitedChair of BASDA Cloud S.I.G.

Page 3: Cloud Computing - What is it?

Cloud Computing

• What is it?• Why is it happening?

• Disruptive Technology

• Cloud Software to run your practice

• Cloud Accounting Software

• Conclusion

Page 4: Cloud Computing - What is it?

Cloud Computing – What is it?

Internet TechnologiesHigh Level Definition:

“Cloud Computing involves vendors supplying computing services to lots of customers over the internet”

•Software as a Service (SaaS)

•Cloud Types

Page 5: Cloud Computing - What is it?

Cloud Computing – What is it?

Software as a Service (SaaS)Delivering Software programs over the

webPlatform independent

Any web browser or operating system

Pay As you GoSMEs

Page 6: Cloud Computing - What is it?

Cloud Computing – What is it?

Cloud Types

Public CloudPrivate CloudG CloudHybrid Cloud

Page 7: Cloud Computing - What is it?

Cloud Computing – Why is it happening?

• Broadband

• Web Technologies

• Server Hardware/Software IaaS

Page 8: Cloud Computing - What is it?

Cloud Computing – Why is it happening?

Page 9: Cloud Computing - What is it?

Cloud Computing – Why is it happening?

Infrastructure as a Service (IaaS)

IaaS provides the underlying hardware and operating system resources to do anything developers need

Allows companies to easily scale their systems

Page 10: Cloud Computing - What is it?

Cloud Computing – Why is it happening?

• Broadband

• Web Technologies

• Server Hardware/Software IaaS

 • Technology development trends

Page 11: Cloud Computing - What is it?

Disruptive Technology

Wikipedia Definition:• “Disruptive technology and disruptive

innovation are terms used in business and technology literature to describe innovation that improve a product or service in ways that the market does not expect, typically by being lower priced or designed for a different set of consumers”

Page 12: Cloud Computing - What is it?
Page 13: Cloud Computing - What is it?
Page 14: Cloud Computing - What is it?

Disruptive Technology

Trains Vs Canals

• It’s too limited• It doesn’t work the

same• I don’t understand it• It’s not safe

Online Vs Onsite

• It’s too limited• It doesn’t work the same• I don’t understand it• It’s not safe

Page 15: Cloud Computing - What is it?

Disruptive Technology

• The move to Cloud will destroy the old product licence ‘cash cow’ model.

• Microsoft IS moving to a subscription model.

Page 16: Cloud Computing - What is it?

Cloud Software to Run Your Practice[1] Back-up Software[2] Accounts / bookkeeping

Page 17: Cloud Computing - What is it?

Cloud Software to Run Your Practice

Page 18: Cloud Computing - What is it?

Cloud Software to Run Your Practice[1] Back-up Software[2] Accounts / bookkeeping[3] Office Type Software:    - Word / Email / Spreadsheets

Page 19: Cloud Computing - What is it?

Cloud Software to Run Your Practice

Page 20: Cloud Computing - What is it?

Cloud Software to Run Your Practice

Page 21: Cloud Computing - What is it?

Cloud Software to Run Your Practice[1] Back-up Software[2] Accounts / bookkeeping[3] Office Type Software:    - Word / Email / Spreadsheets[4] Websites:     - Blogging Platforms

Page 22: Cloud Computing - What is it?

Cloud Software to Run Your Practice

Page 23: Cloud Computing - What is it?

Cloud Software to Run Your Practice[1] Back-up Software[2] Accounts / bookkeeping[3] Office Type Software:    - Word / Email / Spreadsheets[4] Websites:     - Blogging Platforms[5] Company Formations

Page 24: Cloud Computing - What is it?

Cloud Software to Run Your Practice[1] Back-up Software[2] Accounts / bookkeeping[3] Office Type Software:    - Word / Email / Spreadsheets[4] Websites:     - Blogging Platforms[5] Company Formations[6] Company Secretarial

Page 25: Cloud Computing - What is it?

Cloud Software to Run Your Practice[1] Back-up Software[2] Accounts / bookkeeping[3] Office Type Software:    - Word / Email / Spreadsheets[4] Websites:     - Blogging Platforms[5] Company Formations[6] Company Secretarial[7] Tax

Page 26: Cloud Computing - What is it?

Cloud Software to Run Your Practice[1] Back-up Software[2] Accounts / bookkeeping[3] Office Type Software:    - Word / Email / Spreadsheets[4] Websites:     - Blogging Platforms[5] Company Formations[6] Company Secretarial[7] Tax[8] Accounts Production

Page 27: Cloud Computing - What is it?

Cloud Accounting - Are The Risks Real?

• Data• Security• Recovery• Lock-In• Compliance• Interoperability

Page 28: Cloud Computing - What is it?

Cloud Accounting

Page 29: Cloud Computing - What is it?

Cloud Accounting

• Real-time Accounting - Live

• Software as a Service (SaaS) - Pay As You Go

Page 30: Cloud Computing - What is it?

Cloud Accounting

Page 31: Cloud Computing - What is it?

Cloud Accounting

• Flexibility - Anywhere, Anytime, Any Option

• Real-time Accounting - Live

• Software as a Service (SaaS) - Pay As You Go

Page 32: Cloud Computing - What is it?

Cloud Accounting

Page 33: Cloud Computing - What is it?

• Secure - Backups, Upgrades, Maintenance

Cloud Accounting

• Flexibility - Anywhere, Anytime, Any Option

• Real-time Accounting - Live

• Software as a Service (SaaS) - Pay As You Go

Page 34: Cloud Computing - What is it?

Cloud Accounting

What it mean for accountants?• Access to customers accounts in real time to allow

advice to be given.• Mistakes in accounts can be corrected by a

bookkeeper or accountant remotely.• Allows the accountant to do a full year-end routine

and export all relevant data to accounts production software without disks.

• A retained annuity income at no cost.

Page 35: Cloud Computing - What is it?

Cloud Accounting

• Develop your practice and run it more efficiently.

• Attract and service more clients and keep them.

• Stand out from all the other accountancy practices in your area.

• Build extra revenue streams from commissions, training and other added-value services.

• Fulfil a business advisor/financial director role for your clients in addition to bookkeeping and compliance.

Page 36: Cloud Computing - What is it?

Main Stream:

Cloud Computing

• Coca Cola - 100,000 users into the private cloud

• Sales Force - 290 million transactions last month

• Microsoft – “We’re all in” - 42,000 developers, 90% working in the

cloud

Page 37: Cloud Computing - What is it?

• Main Stream

Cloud Computing

Page 38: Cloud Computing - What is it?

Cloud Computing

Page 39: Cloud Computing - What is it?
Page 40: Cloud Computing - What is it?

Cloud Computing is here now!

• www.liquidaccounts.net

Conclusion