Date Added: Apr 2010
One key advantage of Cloud Computing is that it provides businesses with crucial software and hardware online. Instead of having a data center on the premises, businesses access data transfer and processing at remote locations via the Internet. With Cloud Computing businesses greatly reduce their capital expenditures while responding to peak demand by increasing or decreasing infrastructure in minutes. Cloud vendors typically use one of two billing models those are utility model - bills for the amount consumed (similar to the way people pay for electricity or water) and subscription Mode - bills monthly with a service contract.