When I started knowing the existence of the public cloud services such as Amazon Web Service (AWS), Microsoft Azure (MS Azure), and Google Cloud Platform (GCP), I realised that it would be a remarkable innovation enough to be called revolution. Revolution alters the socioeconomic structure even including the infrastructural fundament and the ethical code. As same as the political revolution, the introduction of the public cloud is the business revolution!
First of all, the biggest impact is that there is no computer room containing servers, database (DB), and their network side a company office by using the public cloud service. These physical devices are located in the remote centre owned by the public cloud vendor so that they are simply outsourced.
This is advantageous for the accounting administration because it can avoid the capital expenditure and tax levied on it. In addition, its charge is based on pay-as-you-go so there is little need for preparing for the estimated volume usage. There is neither dead-weight loss of not using the computer enough or lacking the computer capacity due to the sudden heavy traffic while running a business.
The initial investment for the capital expenditure often challenges new entrepreneurs establishing their new firm. This factor used to discourage newly entering entrepreneurs from starting their own business. However, the public cloud has eased starting an entrepreneur to flexibly open their new business since its emergence. It is almost like a miracle enabling an individual to directly connect to the already configured server network without building her/himself!
In the past, starting a new business alone used to be considered as reckless. It used to require a reasonable size of the company office and more than one staff to operate a new business in order to maximise the full potential of the capital initially invested such as an office and devices. By contrast, the public cloud allows to start a business without any preparation for both devices and their space. Therefore, this is indeed a liberation for a lone entrepreneur from the territorial pressure and the labourers’ riot!
Another advantage for this entrepreneur is that s/he can flexibly travel around the world as long as it is connected to the public cloud service. No office at a fixed place is required to sit in! This entrepreneur can travel freely and budget her/his budget more flexibly without being bound to looking after a physical property. It emancipates an individual from the landlord’s rent seeking oppression!
In conclusion, the public cloud usage is indeed a revolution replacing the already obsolete norms and values in the entrepreneurship! Because big companies employing individuals are no longer able/willing to employee them to look after, it may be more important for them to start their own business instead of expecting these companies to hire them.