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An R-Based Landscape Validation of a Competing Risk Model
Published on: September 16, 2022
Exploring Risks Transferred from Cloud-Based Information Systems: A Quantitative and Longitudinal Model.
Wafa Bouaynaya1, Hongbo Lyu2, Zuopeng Justin Zhang3
1Polytech Nantes, University of Nantes, 44200 Nantes, France. wafa.bouaynaya@univ-nantes.fr.
This study introduces a quantitative model to track risks in cloud-based information systems. It helps differentiate mitigated from unmitigated risks, aiding companies in assessing cloud computing
Area of Science:
- Information Systems Security
- Risk Management
- Cloud Computing
Background:
- The increasing adoption of Internet of Things (IoT) and Cyber-Physical Systems (CPS) has amplified the importance of cloud-based systems.
- Current methodologies lack formal approaches for modeling risks transferred within cloud-based information systems.
- Understanding risk dynamics is crucial for the successful implementation and sustainability of cloud environments.
Purpose of the Study:
- To explore formal methods for quantifying risks in cloud-based information systems.
- To evaluate the variation of these risks throughout the implementation lifecycle.
- To propose a redefined risk estimation method distinguishing between mitigated and unmitigated risks.
Main Methods:
- Development of a quantitative and longitudinal risk model.
- Analysis spans from project inception to completion of cloud-based information systems.
- Introduction of a novel risk estimation approach for improved accuracy.
Main Results:
- Quantification of risk variations in cloud-based information systems over time.
- A clear distinction between mitigated and unmitigated risks is established.
- The model provides insights into the longitudinal behavior of system risks.
Conclusions:
- Formal methods can effectively model and quantify risks in cloud environments.
- The proposed risk estimation method enhances understanding of risk mitigation effectiveness.
- Findings assist practitioners in evaluating cloud computing's impact on company sustainability and competitive advantage.

