CIAO DATE: 12/2014
September 2014
Berkeley Roundtable on the International Economy
Cloud Computing is a revolution in computing architecture, transforming not only the "where" (location) of computing, but also the "how" (the manner in which software is produced and the tools available for the automation of business processes). Cloud Computing emerged as we transitioned from an era in which underlying computing resources were both scarce and expensive to an era in which the same resources were cheap and abundant. There are many ways to implement Cloud architectures, and most people are familiar with public cloud services such as Gmail or Facebook.
Resource link: Cloud Computing: From Scarcity to Abundance [PDF] - 390K