Continue your work on the innovation template attached. Create an 8- to 10-slide analysis of organizational performance of the competitors for your innovation, including detailed speaker notes. Rese

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Continue your work on the innovation template attached.

Create an 8- to 10-slide analysis of organizational performance of the competitors for your innovation, including detailed speaker notes.

Research financial statements or annual reports of 2 or 3 companies in the same or comparable industry. Examine their business models and see if you can identify strategies these companies use to achieve their business objectives.

Analyze the companies and describe what you learned about their organizational performance. Consider the following questions in your analysis:

  • How do they earn revenue?
  • How do their products or services get to their customers?
  • How do they acquire their customers?
  • Why is their product or service valuable to their customers?

Evaluate how your research applies to your innovation. What lessons can you apply to your own innovation? How does your organizational analysis relate to the development of a strategy to bring your innovation to market?

Utilize American based companies, cite any references to support your assignment. Format your assignment according to APA 7th edition guidelines.

Continue your work on the innovation template attached. Create an 8- to 10-slide analysis of organizational performance of the competitors for your innovation, including detailed speaker notes. Rese
Innovation description Cloud computing is one of the best innovations which has transformed the world in the last few years. Companies have advanced their operations through secure operations, saving operating costs and also working on a more secure future. Cloud computing is a process where an organization is allowed to access internet services such as storage, databases, networking, software and analysis of data. They are the key factions that are currently controlling operations in various organizations. Companies that started using the strategy reported higher profits than those that still used old handling methods. However, the innovation has been faced by downsides that are caused by attacks. The cases have been reduced, making it a safe method of handling data. Source of the innovation The idea was discovered in 2006 by Eric Schmidt in San Jose, California. He was Google’s CEO by then. Since then, Eric and his team of developers have been working on the idea into its current state. Other innovators, such as Bill Gates funded the idea and came up with improvements in order to achieve its current standards (Antonopoulos & Gillam, 2010). Today, various developers such as Amazon have capitalized on the idea. This has given various users an opportunity to select their preferred packages according to their needs. The innovation began as a simple idea but holds a bright future due to the high competition making it more affordable to users. Type of innovation It is a technological innovation that supplies various software and applications. The tool acts as a tool for accomplishing various activities, such as improving the security level of the files saved in the cloud. It is also important to transform data saving from hard drives to software platforms. Purpose of innovation There are several uses of cloud computing in the current world of globalization and continuously developing technology. The uses benefit both the owner of the idea and businesses worldwide. The first use is file storage, whereby users store data at ease, and with the use of internet connection, they can access it anytime they wish (Sunyaev, 2020). The block-based storage option is one of the most common ways that users are using when it comes to data storage. Disasters such as earthquakes might damage all hardware storage devices. If a company has stored its data to the cloud, all that will be required is an internet connection to access all the lost data. Through secure cloud computing services, companies can also secure themselves from losing important data which might lead to total failure of a company in case an attack occurs (Sunyaev, 2020). There are situations where some companies collapse completely in case they lose important data. An example is when a healthcare facility loses all patients’ past treatment history. This might put the patient’s health at risk as there is no information that can be used to save them in case their health is at stake. Conclusion Cloud computing has been developing for years, and it is one of the most interesting ways that investors have focused on. It has a highly promising future as innovations are still being made in order to make it sufficient. Previously, only big companies had access to cloud computing services. Currently, small business owners and private citizens can access it. It is an interesting innovation that will transform the world.

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