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Financial Analytics: Science and Experience
 

Cloud infrastructure as a growth driver of the modern digital economy

Vol. 14, Iss. 4, DECEMBER 2021

Received: 20 September 2021

Received in revised form: 30 September 2021

Accepted: 8 October 2021

Available online: 15 November 2021

Subject Heading: Economic policy

JEL Classification: E58, G15, G24, O31

Pages: 433–455

https://doi.org/10.24891/fa.14.4.433

Subject. This article discusses the issues of development of cloud infrastructure in Russia and abroad, the advantages of cloud technologies, and forecasting their potential prospects.
Objectives. The article aims to identify the features and potential problematic aspects of the development of cloud technologies in the modern Russian and foreign digital economies and predict the prospects for their advancement taking into account the post-pandemic development of world economies in 2020–2021.
Methods. For the study, I used the methods of observation, generalization, and analysis.
Results. The article describes the benefits of cloud infrastructure for the growth of global digital economies, as well as potential threats that impede the effectiveness of cloud technologies in Russia and abroad.
Conclusions. The article concludes that it is necessary to further implement legislative initiatives in Russia that contribute to the high-quality storage of information and ensure its confidentiality in cloud storage.

Keywords: cloud infrastructure, cloud storage, digital economy, privacy, COVID-19

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