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Published: 2023-01-05

Head of Global ERP Operations, Dallas-Fort Worth Metroplex, USA.
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Prabhakar Vagvala

Introduction: The Cloud Service Selection

       The process of choosing and assessing cloud services from different vendors to satisfy certain demands and goals is referred to as cloud service selection. The resources and applications that make up cloud services are made available over the Internet and give the necessary flexibility, scalability, and cost-effectiveness.

Research Significance: The impact of choosing a cloud service on an organization's decision-making, effectiveness, cost optimisation, security, customization, and technology evolution is emphasised in research. Effective frameworks and strategies for choosing cloud services assist organisations in making decisions that increase resource allocation and operational efficiency. Research in this area assists organisations in enhancing cloud service selection procedures and reducing risks by taking into account variables including performance, reliability, security, & pricing. It also answers the requirement for specialised solutions that meet certain requirements and guarantee compatibility with current systems. In addition, studies into the cloud's selection keeps businesses current on new technological developments and market trends, enabling them to make wise choices in a fast changing technological environment. In the end, analysis of cloud service selection enables businesses to take use of the advantages of computing in the cloud while lowering risks and boosting productivity.

METHOD: A multi-criteria decision making tool called the Estimation based on Distance from Average Solution method, or assessment based on distance from average answer, is used to rank and evaluate options in complicated decision-making problems. It was created to deal with the difficulties brought on by scenarios with various criteria and opposing objectives. When calculating each alternative's distance from the mean solution, the EDAS technique takes positive as well as negative deviations into account. It considers the importance of the criteria in the process of making choices by giving each one a weight.

Alternate Parameters: quote of the day, xignite quotes, stock quotes, real time quotes, delayed stock quotes, historical stock quotes

Evaluation Parameters: throughput, reliability, portability, response time

Result: Through the rank table, we can get the rank of alternative parameters. Whereas Historical Stock Quotes is in 1st position and Xignite Quotes is in 6th position.

Conclusion: first ranking Historical Stock Quotes is obtained with the lowest quality of Xignite Quotes

Keywords: cloud service, EDAS, MCDM, reliability, portability

Journal of Business Intelligence and Data Analytics

ISSN 2998-3541

The Future of Cloud Services: How to Stay Ahead with Smart Selection

Authors

  • Prabhakar Vagvala Head of Global ERP Operations, Dallas-Fort Worth Metroplex, USA.

Keywords

cloud service, EDAS, MCDM, reliability, portability

Abstract

Introduction: The Cloud Service Selection

       The process of choosing and assessing cloud services from different vendors to satisfy certain demands and goals is referred to as cloud service selection. The resources and applications that make up cloud services are made available over the Internet and give the necessary flexibility, scalability, and cost-effectiveness.

Research Significance: The impact of choosing a cloud service on an organization's decision-making, effectiveness, cost optimisation, security, customization, and technology evolution is emphasised in research. Effective frameworks and strategies for choosing cloud services assist organisations in making decisions that increase resource allocation and operational efficiency. Research in this area assists organisations in enhancing cloud service selection procedures and reducing risks by taking into account variables including performance, reliability, security, & pricing. It also answers the requirement for specialised solutions that meet certain requirements and guarantee compatibility with current systems. In addition, studies into the cloud's selection keeps businesses current on new technological developments and market trends, enabling them to make wise choices in a fast changing technological environment. In the end, analysis of cloud service selection enables businesses to take use of the advantages of computing in the cloud while lowering risks and boosting productivity.

METHOD: A multi-criteria decision making tool called the Estimation based on Distance from Average Solution method, or assessment based on distance from average answer, is used to rank and evaluate options in complicated decision-making problems. It was created to deal with the difficulties brought on by scenarios with various criteria and opposing objectives. When calculating each alternative's distance from the mean solution, the EDAS technique takes positive as well as negative deviations into account. It considers the importance of the criteria in the process of making choices by giving each one a weight.

Alternate Parameters: quote of the day, xignite quotes, stock quotes, real time quotes, delayed stock quotes, historical stock quotes

Evaluation Parameters: throughput, reliability, portability, response time

Result: Through the rank table, we can get the rank of alternative parameters. Whereas Historical Stock Quotes is in 1st position and Xignite Quotes is in 6th position.

Conclusion: first ranking Historical Stock Quotes is obtained with the lowest quality of Xignite Quotes

 

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Published

2023-01-05

How to Cite

Vagvala, P. . (2023). The Future of Cloud Services: How to Stay Ahead with Smart Selection. Journal of Business Intelligence and Data Analytics, 1(1), 1–12. https://doi.org/10.55124/jbid.v1i1.238