If you think you’ve seen this movie before, you are right. Cloud computing is based on the time-sharing model we leveraged years ago before we could afford our own computers. The idea is to share computing power among many companies and people, thereby reducing the cost of that computing power to those who leverage it. The value of time share and the core value of cloud computing are pretty much the same, only the resources these days are much better and more cost effective.

David Linthicum in Cloud Computing and SOA Convergence in Your Enterprise: A Step-by-Step Guide, 2009

In its essential form, cloud computing is nothing new. The idea of providing resource pools that can be shared across multiple workloads is the same approach ...

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