Cloud computing

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Cloud computing is the on-demand availability of computer system resources, especially data storage and computing power, without direct active management by the user.
Cloud computing
Definition
Cloud computing is the on-demand availability of computer system resources, especially data storage and computing power, without direct active management by the user.
Cloud computing
Cloud computing
Cloud computing is the on-demand availability of computer system resources, especially data storage and computing power, without direct active management by the user.

Pronunciation

English

Cloud computing

Cloud computing
SpellingCloud computing
Pronunciation[Cloud computing]

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Amazon and Microsoft are profiting from the shift to cloud computing. Apple continues to own the premium market for apps, smartphones and wearable devices, while Google and Facebook are maintaining their grip on digital advertising.

One of the real advantages of cloud computing is that it eliminates the need for legacy software while reducing costs and required resources. For example, choosing to add more cloud services rather than expanding enterprise resources to create a hybrid approach can maximize pricing flexibility. Providing access to cloud-based billing and rating engines, a revenue recognition solution and configure, price and quote (CPQ) systems can extend the useful life of legacy systems. Cloud systems are agile and scalable, and they can integrate with other cloud and enterprise solutions.

"It is driving additional spend,” Cuomo said. “When you look at the direct attribution of the actual dollars spent on blockchain, we are seeing that for every dollar spent, $15 is spent on other cloud services.”

DNA sequencing was still very expensive and rare at the time, but Mangubat and her cofounders at Spiral Genetics anticipated a day when the cost of sequencing a genome would drop enough to allow scientists to sequence hundreds of thousands or millions of human genomes, whole populations, and compare them to learn about disease. To analyze such a volume of data, with the technology of the time, would have been prohibitively difficult and time-consuming, Mangubat predicted. Her company aimed to leverage cloud-based computing to crunch those huge gene sets, taking a fraction of the time.

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