Cloud Computing Defintion from McKinsey & Company

Posted 4.22.09 by

McKinsey & Company defines cloud computing

Cloud Computing Definition: Clouds are hardware-based services offering compute, network and storage capacity where:

1) Hardware management is highly abstracted from the buyer

Characteristic: The underlying hardware can be anywhere geographically.

2) Buyers incur infrastructure costs as variable OPEX.

Characteristic: Enterprises incur no infrastructure capital costs, just operational costs and operational costs are incurred on a pay-per-use basis, with no contractual obligations.

3) Infrastructure capacity is highly elastic (up or down)

Characteristic: Capacity can be scaled up or down dynamically, and immediately, which differentiates from traditional hosting service providers.

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