It’s comes up again. Folks are asking us to define cloud computing and every time we do, we refine it a little more. At times it’s seemed like Cloud Computing became the new web 2.0 as a blanket term for everything:). I actually think we define it similarly to the Wikipedia definition. For us it breaks down into two categories: cloud services and cloud infrastructure.
Cloud infrastructure is defined as the virtual and physical infrastructure powering web and digital applications. Cloud infrastructure was strongly enabled through technologies like VMWare that made it possible to make one physical server into 10 or more virtual servers. This coupled with low cast storage created an elastic scalable platform to enable us to do things that weren’t feasible using the old cost models. These services are metered and you only pay as you go, which is a drastic departure from the buy a server, manage and drive it all the time whether you use it or not. While it used to take weeks to get a server up and ready now takes minutes and all you need is a credit card. Companies paving the way include Amazon, Microsoft, and Google, with traditional hosting companies like Rackspace, Savvis, Terremark and others also making these infrastructure services available.
We believe the cloud and it’s ability to scale at a lower cost point will enable more innovation like never before.