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Cloud computing has emerged as a compelling paradigm for deploying Information and Communication Technology (ICT) solutions on the Internet, because it enables solution providers to easily scale up or down, or migrate their offerings seamlessly across resources - computer servers, storage, platforms, and services - offered by one or more cloud providers, yielding significant cost savings due to economies of scale. More importantly, the elasticity of the "Pay-As-The-Go" paradigm enables solution providers to reign in operating costs, especially when demand is highly dynamic, or unpredictable.
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