Cashing in on Cloud Computing

Grazed from TheBull.   Author: Bob Kohut.

Cloud computing was declared the ‘next big thing’ almost a decade ago – and the following revenue chart from IT market research firm the Yankee Group suggests the pundits were on the money.

A “cloud” relies on an outside source to undertake computing tasks.  A good example is Google Maps and Google Earth; these software applications located on Google servers and accessed via the internet, replace the need to buy individual mapping software for personal computers. Dropbox – a file sharing application that lets you store and update files from multiple devices – is Cloud computing at its simplest…

 From the chart above you can see the different levels — IaaS (information as a service); PaaS (platform as a service) and SaaS (software as a service).  At its core cloud computing is a simple concept.  Computing resources like infrastructure, platforms, and software are “leased” from an outside provider instead of bought and maintained by the user…

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