as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
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specify the advantages and disadvantages of cloud computing.
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advantages of cloud computing:
- flexibility and scalability 
- cost savings 
- accessibility from anywhere 
- reliability and uptime 
- security and privacy 
- improved collaboration 

disadvantages of cloud computing:
- dependency on internet connection 
- vulnerability to cyberattacks 
- possibility of data breaches 
- lack of control over data location 
- loss of ownership 
- limited customization and configuration options
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