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The Grid has the potential to fundamentally change the way science and engineering are done. Aggregate power of computing resources connected by networks - of the Grid-exceeds that of any single supercomputer by many orders of magnitude. Grid Computing, emerging as a new paradigm for next-generation computing, enables the sharing, selection, and aggregation of geographically distributed heterogeneous resources for solving large-scale problems in science, engineering, and commerce and develop applications for collections of heterogeneous, geographically distributed computing platforms, sometimes called computational grids. It provides an incentive for resource owners to participate in the Grid; and motivates the users to trade-off between deadline, budget, and the required level of quality of service.
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