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Cloud computing is a set of IT services that are provided to a customer over a network on a leased basis and with the ability to scale up or down their service requirements. Usually Cloud Computing services are delivered by a third party provider who owns the infrastructure. Cloud Computing holds the potential to eliminate the requirements for setting up of high-cost computing infrastructure for IT-based solutions and services that the industry uses. It promises to provide a flexible IT architecture, accessible through internet from lightweight portable devices. This would allow multi-fold increase in the capacity and capabilities of the existing and new software. This new economic model for computing has found fertile ground and is attracting massive global investment.
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