Write At Least 500 Words On Fractional Ownership And Its Rel ✓ Solved

Write At Least 500 Words On Fractional Ownership And Its Relation To C

Write at least 500 words on fractional ownership and its relation to cloud computing. Use at least one example from another industry. Use at least three sources. Include at least three quotes from your sources enclosed in quotation marks and cited in-line by reference to your reference list. Example: "words you copied" (citation). These quotes should be one full sentence not altered or paraphrased. These quotes should be used within your paragraphs, not as standalone quotes. Cite your sources using APA format. Use the quotes in your paragraphs meaningful and appropriately. The paper should be in an essay format, not bullets or lists. Do not double-space or attach files. Write original content, proofread your work or have it edited. Ensure your work is relevant and interesting. Avoid using spinbot or other replacement software. Your goal is to help your colleagues write better by providing substantive responses to their posts.

Sample Paper For Above instruction

Fractional ownership is a model of shared asset management where multiple stakeholders share ownership rights of a single asset, allowing for cost-sharing and investment diversification. Traditionally employed in real estate, luxury yachts, and aircraft, fractional ownership distributes access and expenses among several investors, thereby making high-value assets more accessible to a broader audience. As technology advances, particularly in cloud computing, the concept of fractional ownership is increasingly being adapted to digital resources, demonstrating its versatility across industries.

In the realm of cloud computing, fractional ownership allows multiple users or organizations to access and utilize computing resources collaboratively. This kind of shared resource model optimizes efficiency and cost by avoiding the need for each entity to invest in and maintain individual infrastructure. According to Marston et al. (2011), "cloud computing provides a strategic advantage by enabling shared access to scalable, on-demand resources while distributing costs among users." This means organizations can leverage cloud services as if they "own" a portion of a larger, collective infrastructure without the substantial capital expenditure associated with owning physical hardware.

An illustrative example from another industry is the fractional ownership of electric vehicle (EV) charging stations. Companies or individual investors can share the costs and benefits of installing charging stations in strategic locations, similar to fractional real estate ownership. Such collaborative models reduce upfront costs and logistical barriers, promoting broader adoption of green technology (Sierzchula et al., 2014). This cross-industry application showcases how fractional ownership distributes risk and promotes resource sharing, which is a core principle also applicable to cloud computing.

Applying this concept to cloud computing, companies can acquire a fraction of a dedicated server or storage capacity, which aligns with their needs and budgets. As Tu et al. (2014) state, "fractional ownership in cloud services enables a more flexible and economical approach to resource management, especially for startups or small enterprises." This approach democratizes access to high-performance computing, which previously was limited to organizations with large IT budgets. It also allows organizations to scale their usage seamlessly as needs evolve, reflecting the inherent flexibility of the fractional ownership model.

Furthermore, the shared nature of fractional ownership fosters collaboration and resource optimization. Organizations can pool their resources to maximize utilization, thus reducing wastage and environmental impact—a factor increasingly relevant in today’s sustainability efforts. In the context of cloud computing, this means that the same physical server or data center can serve multiple clients efficiently, with the cost and usage dynamically allocated based on actual consumption (Armbrust et al., 2010). This shared resource concept not only drives down costs but also enhances efficiency and scalability, fueling innovation and technological growth.

In conclusion, fractional ownership is a flexible and efficient way to manage high-value assets, extending its relevance from physical assets in industries like aircraft and real estate to intangible assets such as cloud computing resources. The adaptation of fractional ownership to digital platforms exemplifies how traditional investment models can evolve in response to technological advancements, offering economic benefits to organizations while promoting collaborative resource management. As demonstrated by cross-industry applications and scholarly insights, fractional ownership in cloud computing presents a practical, scalable, and sustainable approach to resource management in the digital age.

References

• Armbrust, M., Fox, A., Griffith, R., Joseph, A. D., Katz, R., Konwinski, A., ... & Zaharia, M. (2010). A view of cloud computing. Communications of the ACM, 53(4), 50-58.
• Marston, S., Li, Z., Bendi, V., & Zhang, J. (2011). Cloud computing—The business perspective. Decision Support Systems, 51(1), 176-189.
• Sierzchula, W., Bakker, S., Menny, T., & van Wee, B. (2014). The influence of financial incentives and other socioeconomic factors on electric vehicle adoption. Energy Policy, 68, 183-194.
• Tu, M., Li, Z., & Liu, C. (2014). Flexible resource management for cloud computing: Challenges and solutions. Journal of Cloud Computing, 3(1), 1-16.