The Network Effect – 4a

The network effect is the indirect value goods and services gain as people use them more and more. Some prime examples of this are Facebook, Uber, DoorDash, Snapchat, and more. Facebook helped to begin the social media craze as it sparked the creation of multiple platforms used today. Uber and DoorDash also both influenced other companies to start with “rideshare” services such as Lyft and food delivery services such as GrubHub. Cloud Computing is the on-demand access to computing resources such as servers and data through the internet rather than in-person. Some pros of cloud computing include better collaboration as it is over a shared network rather than local, The cost is also at a minimum as the long-term cost is less and less server maintenance is needed, finally using cloud computing is fairly simple and easy as it can be used anywhere. Some cons however include a higher risk of breach as security is harder to maintain over a larger shared network, privacy goes along with this as keeping privacy is very difficult on a shared network, finally data can be compromised easier due to human errors and cyber attacks. Saas, or Software as a Service, is a service that utilizes the internet to delivery applications to its users. A majority of Saas applications are run directly through browsers. Paas, or Platform as a Service, is a service that delivers a framework for developers to build upon and create custom applications. IaaS, or Infrastructure a a Service, is a service that is made of highly scalable and automated compute resources. It allows businesses to purchase resources on-demand and as-needed rather than buying services upfront.