Cloud Computing - A Hot Topic in 2010 When Cost Reduction Is on Everyone's Mind

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Executive Summary

Cloud computing, is an emerging computing technology that allows clients to access, via the Internet, a wide array of data and software stored remotely on central servers owned and operated by a third party provider; all on a pay as you go basis. The beauty of this arrangement is that companies can access a wide range of functional capabilities without a substantial up front investment in hardware, software or a large highly skilled IT staff to manage the assets.

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