Cloud Economy

Matthew N. O. Sadiku, Mahamadou Tembely, Sarhan M. Musa


Our world is being transformed by the Web and we are on the threshold of a new economic era: the cloud economy.  Cloud computing is an Internet-based computing, where shared resources are made available to end-users in a pay-as-you-go manner. The cloud has the potential to change the nature of the world we live in and contribute to the boost of economic growth. It enables us to share everything within an organization. It provides a way to acquire and use infrastructure on-demand so that you pay only for what you consume.  This paper briefly examines the economic impact of cloud computing.

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