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• Private cloud: This is a cloud computing environment that is dedicated to a single organization. The data and applications are stored on the organization’s own servers, which are hosted in a private data center. This is a good option for businesses that need to comply with strict security regulations or that have sensitive data that they do not want to share with a third-party provider.
• Hybrid cloud: This is a combination of public and private clouds. Some data and applications are stored on the public cloud, while others are stored on the private cloud. This is a good option for businesses that want to get the benefits of both public and private clouds.
• Community cloud: This is a cloud computing environment that is shared by multiple organizations. The data and applications are stored on the provider’s servers, but the organizations have control over who can access the data and applications. This is a good option for businesses that want to save money on IT infrastructure and maintenance costs, but that also need to comply with strict security regulations.

Five challenges that SmartBiz may have with implementation of Cloud Computing Technologies and how the challenges should be resolved:

• Security: Cloud computing can be a security risk if the data is not properly protected. SmartBiz needs to make sure that the cloud provider has strong security measures in place, and that the data is encrypted.
• Compliance: SmartBiz needs to make sure that the cloud provider complies with all applicable regulations. This includes regulations related to data privacy, security, and financial services.
• Vendor lock-in: SmartBiz needs to make sure that it is not locked into a single cloud provider. This means that the company should be able to move its data and applications to a different cloud provider if necessary.
• Performance: SmartBiz needs to make sure that the cloud provider can deliver the performance that it needs. This means that the company should test the cloud provider’s services before making a commitment.
• Cost: SmartBiz needs to make sure that the cloud computing costs are affordable. This means that the company should compare the prices of different cloud providers before making a decision.

Five characteristics of cloud computing and explain 4 major cloud computing services that you would recommend to be used in SmartBiz:

• On-demand self-service: Cloud computing services are available on-demand, which means that businesses can use them as needed. This can help businesses to save money on IT infrastructure costs.
• Broad network access: Cloud computing services can be accessed from anywhere with an internet connection. This can help businesses to be more flexible and agile.
• Resource pooling: Cloud computing providers pool resources, such as servers and storage, to provide services to multiple businesses. This can help businesses to save money on IT infrastructure costs.
• Rapid elasticity: Cloud computing services can be scaled up or down quickly to meet changing needs. This can help businesses to save money on IT infrastructure costs.
• Measured service: Cloud computing providers charge businesses for the services that they use. This can help businesses to control their IT costs.

The four major cloud computing services that I would recommend to be used in SmartBiz are:

• Infrastructure as a Service (IaaS): This service provides businesses with access to virtual servers, storage, and networking resources.
• Platform as a Service (PaaS): This service provides businesses with a platform to develop, deploy, and manage applications.
• Software as a Service (SaaS): This service provides businesses with access to software applications that are hosted on the cloud.
• Data as a Service (DaaS): This service provides businesses with access to data that is stored on the cloud.

I hope this report has been helpful. I believe that cloud computing can be a great way for SmartBiz to save money on IT infrastructure costs and to improve its IT agility. However, it is important to carefully consider the challenges and risks before implementing cloud computing.