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The Cloud has become a new vehicle for delivering resources such as computing and storage to customers on demand. Rather than being a new technology in itself, the cloud is a new business model wrapped around new technologies such as server virtualization that take advantage of economies of scale and multi-tenancy to reduce the cost of using information technology resources. This paper discusses the business drivers in the Cloud delivery mechanism and business model, what the requirements are in this space, and how standard interfaces, coordinated between different organizations can meet the emerging needs for interoperability and portability of data between clouds.
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