Research Article
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The benefits of using cloud technology in Bosnia and Herzegovina

Year 2020, Volume: 2 Issue: 2, 91 - 97, 31.12.2020

Abstract

The primary goals of the research are to identify the perceptions of top management in domestic companies in BiH, to determine the willingness of domestic companies to migrate to the cloud and systemize the benefits of using Cloud technology in BiH. The advancement of information and telecommunications technology has enabled large and small companies to access cutting-edge technology, thanks to which they can increase profitability and competitiveness while reducing business costs. The research results indicate companies' top management does not have enough information/data related to the benefits of Cloud technology, and thus partially or insufficiently consider the possibility of business migration to the cloud. Certain companies base their business on Cloud technology, but most companies have hardware resources they use as a basis for creating a platform necessary for the operation of one or more information systems. According to the research results, we can conclude the managers are not familiar with the potential benefits of Cloud technology, which serves as direct evidence for the hypothesis. However, it is expected, SMEs and large companies will completely or partially switch to Cloud technology, in future.

References

  • Aljabre A. (2012). Cloud Computing for Increased Business Value. International Journal of Business and Social Science (Vol. 3 No. 1). Frederick, USA.
  • Amazon Cloud (2019). Amazon CloudFront[Online]. Available from: https://aws.amazon.com/cloudfront/ [Accessed: 10/10/ 2019]
  • Anurag J. (2014). Survey Paper on Cloud Computing. International Journal of Innovations in Engineering and Technology (IJIET) (Vol. 3 Issue 4.). Kurukshetra.
  • BH Telecom (2019). CLOUD USLUGE Pametniji način za poslovanje [Online]. Available from: https://bhtelecom.ba/fileadmin/cloud/index.html [Accessed: 15/10/ 2019]
  • Buyya, R. and Sukhpal, S. G. (2018). Sustainable Cloud Computing: Foundations and Future Directions. Business technology & digital transformation strategies cutter consortium - 2018 | executive update | (Vol. 21, No. 6.). Melbourne, Australia.
  • Cloud Mitropoulou P., Michalakelis C., Filiopoulou E. and Nikolaidou M. (2015). Cloud computing and economic growth. PCI2015.
  • Deloitte (2018). Economic and social impacts of Google Cloud.
  • Dempsey, D. and Kelliher, F. (2018). Industry Trends in Cloud Computing: Alternative Business-to-Business Revenue Models. Palgrave Macmillan.
  • Džafić, Z. and Omerbašić, A. (2018). Innovativness in Bosnian small and medium sized Enterprises Economic Review – Journal of Economics and Business (Vol. XVI, Issue 1.). Tuzla, BiH.
  • Džafić, Z. (2014). Business environment - the case of Western Balkan Countries Economic Review – Journal of Economics and Business (Vol. XII, Issue 2.). Tuzla, BiH.
  • Džafić, Z., (2015). Entrepreneurship and SMEs in transition economies - the case of Western Balkan Countries, REDETE, Conference proceedings of the Fourth International Conference: ECONOMIC DEVELOPMENT AND ENTREPRENEURSHIP IN TRANSITION ECONOMIES: Assessment of the last 25 years, going beyond the `transition` , Karl-Franzens-Universität Graz, Faculty of Economcs Banja Luka, Graz Austria, October 22-24, ISBN 978-99938-46-54-3, pp.481-497, (http://www.redete.org/doc/Fourth-REDETE-Conference_web.pdf).
  • Džafić. Z. (2015). Patterns of growth and development of the BiH economy – Small and Medium versus Large companies, Third International conference, FINCONSULT, Fojnica, Proceedings, pp. 462-484, Rad publikovan i u: Business Consultant / Poslovni Konsultant, april 2016, 8(55):74-88.. http://web.a.ebscohost.com/abstract?direct=true&profil, (indexed in: EBSCO).
  • Džafić, Z. and Babajić, A. (2016). The Role of the Government in Entrepreneurship Development: Evidence from Bosnia and Herzegovina, Economic Review – Journal of Economics and Business, Vol. XIV, Issue 1, May 2016, pp.68-80., www.ef.untz.ba/images/Casopis/November2014/Paper5.pdf, (indexed in: EBSCO, DOAJ, SCIRUS, Index Copernicus, Cabell's Directories, RePeC)
  • Google Cloud (2019). See what's possible with Google Cloud [Online]. Available from: https://cloud.google.com/ [Accessed: 15/10/ 2019].
  • Gorelik, E. (2013). Cloud Computing Models: Comparison of Cloud Computing Service and Deployment Models. Composite Information Systems Laboratory (CISL), Sloan School of Management.
  • Harjit, S. (2016). Current Trends in Cloud Computing: A Survey of Cloud Computing Systems. International Journal of Electronics and Computer Science Engineering, ISSN 2277-1956.
  • Harshala, B. (2014). Cloud Computing For Supply Chain Management. International journal of Innovations in Engineering research and technology [IJIERT] (Volume 1, Issue 2.). Bhyander, India.
  • Haslinda, H. and Mohd, H.M.N. (2017). Factors influencing cloud computing adoption in small and medium enterprises. Journal of ICT (16, No. 1.). Malaysia. IDG (2018). Cloud Computing Survey (2018).
  • Isik, C. (2013). The importance of creating a competitive advantage and investing in information technology for modern economies: an ARDL test approach from Turkey. Journal of the Knowledge Economy, 4(4): 387-405.
  • Islam, S., Weippl, E. R. and Krombholz K. (2014). A Decision Framework Model for Migration into Cloud: Business, Application, Security and Privacy Perspectives. Hanoi, Vietnam.
  • Kiryakova G., Yordanova L., Angelova N. (2017). Application of cloud computing services in business. Trakia Journal of Sciences (Vol. 13, Suppl. 1.). Stara Zagora, Bulgaria.
  • Lakshmi, C. D. (2014). Impact study of cloud computing on business development. Operations Research and Applications: An International Journal (ORAJ).
  • Makena, J. N. (2013). Factors that affect cloud computing adoption by small and medium enterprises in Kenya. International Journal of Computer Applications Technology and Research (Volume 2– Issue 5.). Nairobi, Kenya.
  • Microsoft (2019). Overview of autoscale in Microsoft Azure Virtual Machines, Cloud Services, and Web Apps [Online]. Available from: https://docs.microsoft.com/en-us/azure/azure-monitor/platform/autoscale-overview [Accessed: 01/10/ 2019]
  • Microsoft Azure, (2019). Azure. Invent with purpose. [Online]. Available from: https://azure.microsoft.com/en-us/ [Accessed: 05/10/ 2019]
  • Mitropoulou, P., Michalakelis, C., Filiopoulou, E. and Nikolaidou, M. (2015). Cloud computing and economic growth. PCI2015, Athens, Greece.
  • Mohiuddin, A., Abu Sina, R.C., Mustaq A. and Mahmudul H. R. (2012). An Advanced Survey on Cloud Computing and State-of-the-art Research Issues. IJCSI International Journal of Computer Science Issues (Vol. 9, Issue 1, No 1.). Gazipur, Bangladesh.
  • Patnaik, S., Yang X., Tavana, M., Popentiu-Vlădicescu, F. and Qiao F. (2019). Digital Business: Business Algorithms, Cloud Computing and Data Engineering. Springer International Publishing AG, Switzerland.
  • Si Xue C. T. and Wee Xin F.T. (2016). Benefits And challenges of the adoption of cloud computing in business. International Journal on Cloud Computing: Services and Architecture (IJCCSA) (Vol. 6, No. 6.). Kuala Lumpur, Malaysia.
  • Singh, H. Current Trends in Cloud Computing: A Survey of Cloud Computing Systems. International Journal of Electronics and Computer Science Engineering, ISSN 2277-1956/V1N3-1214-1219.
  • Stefana, S. (2015). Cloud computing - impact on business (Master Thesis). Aalborg University Copenhagen.
  • Subashini, S. and Kavitha, V. (2011). A survey on security issues in service delivery models of cloud computing.Journal of Networkand Computer Applications (34): 1-11.
  • Tatić, K., Džafić, Z., Haračić, M. and Haračić, M. (2018).The use of business intelligence (BI) in small and medium-sized enterprises (SMEs) in Bosnia and Herzegovina. Economic Review – Journal of Economics and Business (Vol. XVI, Issue 2.). Tuzla, BiH.
  • Tatić, K., Haračić, M. and Haračić, M. (2018). The improvement of business efficiency through Business process management, Economic Review – Journal of Economics and Business (Vol. XVI, Issue 1.). Tuzla, BiH.
  • Vivek, K. (2015). Guide to Cloud Computing for Business and Technology Managers (From Distributed Computing to Cloudware Applications). Taylor & Francis Group, LLC, NW.

The benefits of using cloud technology in Bosnia and Herzegovina

Year 2020, Volume: 2 Issue: 2, 91 - 97, 31.12.2020

Abstract

The primary goals of the research are to identify the perceptions of top management in domestic companies in BiH, to determine the willingness of domestic companies to migrate to the cloud and systemize the benefits of using Cloud technology in BiH. The advancement of information and telecommunications technology has enabled large and small companies to access cutting-edge technology, thanks to which they can increase profitability and competitiveness while reducing business costs. The research results indicate companies' top management does not have enough information/data related to the benefits of Cloud technology, and thus partially or insufficiently consider the possibility of business migration to the cloud. Certain companies base their business on Cloud technology, but most companies have hardware resources they use as a basis for creating a platform necessary for the operation of one or more information systems. According to the research results, we can conclude the managers are not familiar with the potential benefits of Cloud technology, which serves as direct evidence for the hypothesis. However, it is expected, SMEs and large companies will completely or partially switch to Cloud technology, in future.

References

  • Aljabre A. (2012). Cloud Computing for Increased Business Value. International Journal of Business and Social Science (Vol. 3 No. 1). Frederick, USA.
  • Amazon Cloud (2019). Amazon CloudFront[Online]. Available from: https://aws.amazon.com/cloudfront/ [Accessed: 10/10/ 2019]
  • Anurag J. (2014). Survey Paper on Cloud Computing. International Journal of Innovations in Engineering and Technology (IJIET) (Vol. 3 Issue 4.). Kurukshetra.
  • BH Telecom (2019). CLOUD USLUGE Pametniji način za poslovanje [Online]. Available from: https://bhtelecom.ba/fileadmin/cloud/index.html [Accessed: 15/10/ 2019]
  • Buyya, R. and Sukhpal, S. G. (2018). Sustainable Cloud Computing: Foundations and Future Directions. Business technology & digital transformation strategies cutter consortium - 2018 | executive update | (Vol. 21, No. 6.). Melbourne, Australia.
  • Cloud Mitropoulou P., Michalakelis C., Filiopoulou E. and Nikolaidou M. (2015). Cloud computing and economic growth. PCI2015.
  • Deloitte (2018). Economic and social impacts of Google Cloud.
  • Dempsey, D. and Kelliher, F. (2018). Industry Trends in Cloud Computing: Alternative Business-to-Business Revenue Models. Palgrave Macmillan.
  • Džafić, Z. and Omerbašić, A. (2018). Innovativness in Bosnian small and medium sized Enterprises Economic Review – Journal of Economics and Business (Vol. XVI, Issue 1.). Tuzla, BiH.
  • Džafić, Z. (2014). Business environment - the case of Western Balkan Countries Economic Review – Journal of Economics and Business (Vol. XII, Issue 2.). Tuzla, BiH.
  • Džafić, Z., (2015). Entrepreneurship and SMEs in transition economies - the case of Western Balkan Countries, REDETE, Conference proceedings of the Fourth International Conference: ECONOMIC DEVELOPMENT AND ENTREPRENEURSHIP IN TRANSITION ECONOMIES: Assessment of the last 25 years, going beyond the `transition` , Karl-Franzens-Universität Graz, Faculty of Economcs Banja Luka, Graz Austria, October 22-24, ISBN 978-99938-46-54-3, pp.481-497, (http://www.redete.org/doc/Fourth-REDETE-Conference_web.pdf).
  • Džafić. Z. (2015). Patterns of growth and development of the BiH economy – Small and Medium versus Large companies, Third International conference, FINCONSULT, Fojnica, Proceedings, pp. 462-484, Rad publikovan i u: Business Consultant / Poslovni Konsultant, april 2016, 8(55):74-88.. http://web.a.ebscohost.com/abstract?direct=true&profil, (indexed in: EBSCO).
  • Džafić, Z. and Babajić, A. (2016). The Role of the Government in Entrepreneurship Development: Evidence from Bosnia and Herzegovina, Economic Review – Journal of Economics and Business, Vol. XIV, Issue 1, May 2016, pp.68-80., www.ef.untz.ba/images/Casopis/November2014/Paper5.pdf, (indexed in: EBSCO, DOAJ, SCIRUS, Index Copernicus, Cabell's Directories, RePeC)
  • Google Cloud (2019). See what's possible with Google Cloud [Online]. Available from: https://cloud.google.com/ [Accessed: 15/10/ 2019].
  • Gorelik, E. (2013). Cloud Computing Models: Comparison of Cloud Computing Service and Deployment Models. Composite Information Systems Laboratory (CISL), Sloan School of Management.
  • Harjit, S. (2016). Current Trends in Cloud Computing: A Survey of Cloud Computing Systems. International Journal of Electronics and Computer Science Engineering, ISSN 2277-1956.
  • Harshala, B. (2014). Cloud Computing For Supply Chain Management. International journal of Innovations in Engineering research and technology [IJIERT] (Volume 1, Issue 2.). Bhyander, India.
  • Haslinda, H. and Mohd, H.M.N. (2017). Factors influencing cloud computing adoption in small and medium enterprises. Journal of ICT (16, No. 1.). Malaysia. IDG (2018). Cloud Computing Survey (2018).
  • Isik, C. (2013). The importance of creating a competitive advantage and investing in information technology for modern economies: an ARDL test approach from Turkey. Journal of the Knowledge Economy, 4(4): 387-405.
  • Islam, S., Weippl, E. R. and Krombholz K. (2014). A Decision Framework Model for Migration into Cloud: Business, Application, Security and Privacy Perspectives. Hanoi, Vietnam.
  • Kiryakova G., Yordanova L., Angelova N. (2017). Application of cloud computing services in business. Trakia Journal of Sciences (Vol. 13, Suppl. 1.). Stara Zagora, Bulgaria.
  • Lakshmi, C. D. (2014). Impact study of cloud computing on business development. Operations Research and Applications: An International Journal (ORAJ).
  • Makena, J. N. (2013). Factors that affect cloud computing adoption by small and medium enterprises in Kenya. International Journal of Computer Applications Technology and Research (Volume 2– Issue 5.). Nairobi, Kenya.
  • Microsoft (2019). Overview of autoscale in Microsoft Azure Virtual Machines, Cloud Services, and Web Apps [Online]. Available from: https://docs.microsoft.com/en-us/azure/azure-monitor/platform/autoscale-overview [Accessed: 01/10/ 2019]
  • Microsoft Azure, (2019). Azure. Invent with purpose. [Online]. Available from: https://azure.microsoft.com/en-us/ [Accessed: 05/10/ 2019]
  • Mitropoulou, P., Michalakelis, C., Filiopoulou, E. and Nikolaidou, M. (2015). Cloud computing and economic growth. PCI2015, Athens, Greece.
  • Mohiuddin, A., Abu Sina, R.C., Mustaq A. and Mahmudul H. R. (2012). An Advanced Survey on Cloud Computing and State-of-the-art Research Issues. IJCSI International Journal of Computer Science Issues (Vol. 9, Issue 1, No 1.). Gazipur, Bangladesh.
  • Patnaik, S., Yang X., Tavana, M., Popentiu-Vlădicescu, F. and Qiao F. (2019). Digital Business: Business Algorithms, Cloud Computing and Data Engineering. Springer International Publishing AG, Switzerland.
  • Si Xue C. T. and Wee Xin F.T. (2016). Benefits And challenges of the adoption of cloud computing in business. International Journal on Cloud Computing: Services and Architecture (IJCCSA) (Vol. 6, No. 6.). Kuala Lumpur, Malaysia.
  • Singh, H. Current Trends in Cloud Computing: A Survey of Cloud Computing Systems. International Journal of Electronics and Computer Science Engineering, ISSN 2277-1956/V1N3-1214-1219.
  • Stefana, S. (2015). Cloud computing - impact on business (Master Thesis). Aalborg University Copenhagen.
  • Subashini, S. and Kavitha, V. (2011). A survey on security issues in service delivery models of cloud computing.Journal of Networkand Computer Applications (34): 1-11.
  • Tatić, K., Džafić, Z., Haračić, M. and Haračić, M. (2018).The use of business intelligence (BI) in small and medium-sized enterprises (SMEs) in Bosnia and Herzegovina. Economic Review – Journal of Economics and Business (Vol. XVI, Issue 2.). Tuzla, BiH.
  • Tatić, K., Haračić, M. and Haračić, M. (2018). The improvement of business efficiency through Business process management, Economic Review – Journal of Economics and Business (Vol. XVI, Issue 1.). Tuzla, BiH.
  • Vivek, K. (2015). Guide to Cloud Computing for Business and Technology Managers (From Distributed Computing to Cloudware Applications). Taylor & Francis Group, LLC, NW.
There are 35 citations in total.

Details

Primary Language English
Subjects Economics
Journal Section Research Articles
Authors

Kasim Tatić This is me

Zijad Dzafić

Mahir Haračić Haračić This is me

Merima Haračić This is me

Publication Date December 31, 2020
Submission Date April 3, 2020
Published in Issue Year 2020 Volume: 2 Issue: 2

Cite

APA Tatić, K., Dzafić, Z., Haračić, M. H., Haračić, M. (2020). The benefits of using cloud technology in Bosnia and Herzegovina. Journal of Ekonomi, 2(2), 91-97.

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