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Cloud computing is an information technology (IT) paradigm that enables ubiquitous access to shared pools of configurable system resources and higher-level services that can be rapidly provisioned with minimal management effort, often over the Internet. Cloud computing relies on sharing of resources to achieve coherence and economies of scale, similar to a public utility.Third-party clouds enable organizations to focus on their core businesses instead of expending resources on computer infrastructure and maintenance.
http://WWW.PORTAL4SUCCESS.COM/cloud-computing-is-an-informat/b14
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