Risk Management 101 for IT Professionals Essential Concepts - SWOT Analysis Case Study: Cloud Computing

The video tutorial covers a SWOT analysis case study on cloud computing. It explains the strengths, weaknesses, opportunities, and threats associated with transitioning IT infrastructure to the cloud. Strengths include cost-effectiveness and scalability, while weaknesses involve lack of control and need for specialized training. Opportunities arise from reduced costs and increased reliability, whereas threats concern security and regulatory issues. The tutorial concludes with the importance of SWOT analysis in business decision-making.

What is one of the main strengths of moving IT infrastructure to the cloud?

• Increased physical control over hardware

• Reduced need for internet connectivity

• Higher operational costs

• Scalability and quick provisioning

Which of the following is an opportunity associated with cloud computing?

• Increased hardware maintenance

• Higher data transfer speeds

• Greater adaptability and reliability

• Decreased need for training

What is a potential weakness when transitioning to cloud computing?

• Complete control over data

• Lack of control over infrastructure

• Unlimited data transfer speeds

• No need for specialized training

Which of the following is a threat related to cloud computing?

• Unlimited data replication

• Increased local storage

• Regulatory uncertainty

• Guaranteed data privacy

Why is it important to conduct a SWOT analysis before a business venture?

• To avoid any form of risk

• To focus solely on financial aspects

• To identify both positive and negative risks

• To ensure only positive risks are considered