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In this technological world, the people engulf with a variety of new advancements, out of these the one the authors are going to discuss is cloud computing. Cloud Computing, the long-held dream of computing as a utility, has the potential to transform a large part of the IT industry, making software even more attractive as a service and shaping the way IT hardware is designed and purchased. Cloud computing provides the architecture for creating market-oriented Clouds by leveraging technologies such as Virtual Machines; provides thoughts on market-based resource management strategies that encompass both customer-driven service management and computational risk management to sustain SLA oriented resource allocation.
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