The Future of Billing – Part 1: Cloud Computing Defined

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.

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