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Despite cost-cutting being the main reason why most companies shift to the cloud, that is not the only benefit they walk away with. While that allows easy access to users, and saves costs, the cloud is much more and beyond that. IBM had introduced the concept of Virtual Machines (VMs) almost a decade before the birth of the internet.
Quite recently, the logistics industry was introduced to Edge and Fog cloud computing , to make the use of IoT devices (for analytics) cost-effective and efficient. Recent innovations by big players such as Oracle, Amazon and IBM have made blockchain technology much more accessible and easier to implement. Conclusion.
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Unfortunately, at the time that so many tech startups were springing up in the early 2000s, accounting practices related to the expensing of equity-based compensation were not well standardized. Many emerging companies, in their zeal to appear as profitable as possible, chose not to recognize such expenses at the time they were incurred.
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