cloud computing

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Definition

Cloud computing is a term used to describe the theoretical availability of endless computing resources.

Use Cases and Examples

In the past, companies had to purchase and maintain computing resources, to anticipate their usage down the line.

This could be a hit or miss if they have enough resources already purchased when they need it or if there are too many resources they do not need.

Summary

In practice, cloud computing providers take it upon themselves to stack up endless computing resources and by issuing them to a large customer base they never go to waste, and hence is a win-win business model for both companies and the cloud providers.

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