Cloud Computing: the Economic Problem

Cloud computing is the next big thing in the computing world. But there’s a small little economic problem that needs solving.

The idea that we can all put everything into the cloud and then access it from anywhere is quite delightful. Hard drive failures become someone else’s problem for a start. But a part of the story is that bandwidth and storage elsewhere is cheaper than storage locally. Yes, of course there’s more to it than just costs but as we all know, costs do still loom large in any business decision.

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