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Cloud computing can provide critical services for business management, reducing IT costs and maintenance costs of hardware and software effectively. In the meanwhile, it can enable enterprises to access to professional IT solutions with less IT investment. Cloud computing is of great significance for the ICT industry of each country. It is now bringing enormous impact to the human society, especially the business world. In this paper, the basic concepts and the development of cloud computing were introduced, and then the current situation and development of cloud computing research from two aspects of technology and business were illustrated. Finally future trends of cloud computing were discussed.
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