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5 Essential Cloud
Characteristics
On-demand self-service
Resource pooling
Rapid elasticity
Measured service
Uses cases
Production Surge
The ability to meet unpredictable surge demands.
Disaster Recovery
Low cost automated disaster recovery.
Storage
Low cost storage with the ability to expand on-demand
Development
A highly flexible and reliable development environment for applications.
Test
Repeatable on-demand test environments.
Public Web Services
Distribute publicly available information
Benefits
Cost Efficiency
Enable rapid provisioning and deployment of services
Scale on-demand
Mobility , Cloud enables access anywhere with a Web connection
Increased Storage Capacity
Disadvantages
Security
Vendor-lock in
Possible downtime
More elasticity means less control
Increased Vulnerability
Definition
I have not heard two people say the same thing about it [cloud].
There are multiple definitions out there of the cloud.
Andy Isherwood, HPs Vice President of European Software Sales
References
Wikipedia http://en.wikipedia.org/wiki/Cloud_computing
http://mba.tuck.dartmouth.edu/digital/Programs/MBAFellowsProgramArchive
/08_rana.pdf