Cloud Computing

Cloud Computing (AWS, GCP, Azure) is a service that aims to replace physical computers and is now being offered as a service. People can buy a subscription or individual services and gain access to top-tier computing resources without having to buy a high spec PC. Only an average computer is needed to access this service.

Cloud computing has significantly accelerated the circular economy. It allows people to access significant computing resources without actually buying a computer. The servers are made to be efficient, upgradable, and reusable. The data centers are made to be highly efficient and self-sustaining. They also incorporate circular economic models to maximize profits and long-term stability.

Cloud computing has a robust business model that helps it keep its customers looping. The services are designed to give access to computing resources to anyone anywhere in the world with a browser. It also is shifting towards renewable energy to power itself and become part of a circular economy.

Economically advantages are that people do not need to buy expensive computer equipment, they do not need to travel to locations physically and maintenance of the equipment can be done in a way that reduces costs. As For the environment cloud computing has significantly impacted people commuting to work, it also reduces the amount of electronics people through away every year due to obsolescence.

The Cloud computing business takes components from the leasing and performance business model.

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