Defining cloud computing part two: Financial and technology explanation - Computerworld Blogs: "What that means to the bean counters is that they don't need to worry about capital budgets anymore. They can simply outsource all or part of what IT does to a third-party cloud provider and treat it as a business expense using an operational budget. "
Cloud computing is the realization of utility computing for the masses, where traditional IT services are now virtualized and provided via modular reference architectures that are created by the providers and vendors rather than the end users.
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