Cloud Computing Can Save Time and Money: MIT CIO Panel Conclusion
MIT Sloan’s CIO Panel identified cloud computing as a near term opportunity to reduce costs and provide flexible scaling. Cloud computing treats computing resources as a utility rather than a physical asset. Like electricity, with cloud computing you can obtain more when you need it.
“The benefits of cloud computing start and end with the dollars you can save.”
When costing, cloud computing resources need to be sized in a more flexible way. It isn’t how many servers… it is how much memory and how much storage and how much bandwidth
One of the hindrances is the myriad of terms used to define cloud computing.
It is so confusing, I have seen people using software as a service as a synonym for cloud computing. While SAAS may use the cloud, it is not necessarily the cloud. And a cloud can be used without a vendor software application… as a way to obtain computing horsepower when needed.
See network computing world for more details.
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