What is Cloud Computing?
“Cloud” is a collective term for a large number of developments and possibilities. It is not an invention, but more of a “practical innovation”, combining several earlier inventions into something new and compelling. Much like the iPod is comprised of several existing concepts and technologies (the Walkman, MP3 compression and a portable hard disk), cloud computing leverages several already available technologies: high bandwidth networks, virtualization, Web 2.0 interactivity, time sharing and browser interfaces.
Continue reading The Future of Billing – Part 1: Cloud Computing Defined