Reducing capital flight through local cloud incubation

Abstract

Cloud computing is gradually maturing all over the world. In Nigeria the awareness has increased but adoption is yet to follow the level of awareness. The key de-motivation towards full adoption include proper understanding of the concepts, initial costs and the fear of compromised data integrity when strategic information is trusted in the hand of a third party. Apart from integrity of data comprose, the other key factors inhibiting adoption is the cost of monthly subscription mostly in US dollars. This paper has considered the cost of establishing a local cloud service to serve surrounding organizations. The paper contends that indigenous ICT firms should develop the capacity to incubate cloud services as this will go a long way to encourage adopters and save organizations from excessive ICT budget.