Grazed from YahooFinance. Author: Parth Panchal.
“The cloud” and “cloud computing” have become incredible buzzwords. It seems most people are floating around the idea, as the term ambiguously suggests, but don’t seem to have a grasp on how the cloud functions. Believed to be invented by American psychologist and computer scientist J.C.R. Licklider in the 1960’s, cloud computing was created to connect data for people between locations and times. Now, this technology has vastly grown and made publicly available by industry leaders Amazon AMZN and Microsoft MSFT.
What is the Cloud?
In basic terms, cloud computing is accessing and storing data over the Internet. To the end user, benefits of the cloud include: the ability to deliver and manage their own computer resources, scale up or scale down computing levels as needed, and only pay for the amount of computing power they use...
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