The growth of on-demand cloud computing
July 17, 2014
Grazed from IT Pro Portal. Author: Editorial Staff.
According to research from the European Commission, on-demand cloud computing could generate up to €250 billion (£197 billion) to European Union GDP in 2020, as well as 3.8 million jobs. This HP whitepaper charts the development of the cloud on-demand computing concept and shows how important it is for addressing the demand for business agility and growth.
The generally accepted definition of cloud computing comes from the National Institute of Standards and Technology (NIST), which says that the cloud model should enable convenient, on-demand network access to a shared pool of configurable computing resources – such as networks, servers, storage, applications and services…
Under this definition, cloud services can be rapidly provisioned and released with minimal management effort or service provider interaction. The cloud represents a fundamental change in the way computing power is generated and distributed, transforming the delivery of IT tools and products into elastic, on-demand services characterised by flexible "pay as you go" payment models…
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