Abstract: “Is cloud computing the savior of business? Is it a threat to data security? Does it signal the demise of the corporate IT function entirely? These are some of the questions in the current scenario. Cloud computing is a young phenomenon, and it is suffering through the growing pains typical of its age. Although the upside of cloud computing is considerable, numerous challenges lie ahead. This paper discuss about all the benefits of cloud computing, along with the challenges faced by the industries and software companies. It also presents solutions to some of the major challenges of cloud computing according to their needs.”

Keywords: Reduced, costs, Cloud, computing