Cloud

Economic Aspects of Cloud Computing

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Executive Summary

The new paradigm of cloud computing is taking over individual and business computation tasks. The cloud is dissociated from super-computers offering computational services in the early information age by the following. Cloud computing provides a solid framework for resource planning, the most crucial problem of the IT industry, as well as for cheap administration of thousands of computers. Moreover, cloud computing employs the recent advancement in multiprocessor technology and the current spread of high-speed Internet technology and offers efficient computation services to millions of users. In DIAS, one envisions a cloud-based database service that enables data providers and consumers to meet in a transparent way.

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