## Cloud Computing NIST term using IT for: 1. on-demand and self-service compute 2. access over the internet, anywhere 3. provider allocates pool of resources 4. elastic resources, scale up, scale down 5. Customer pay as you go Why is it so compelling? Three waves: 1. Colocation: renting server from centralized datacenter 2. Virtualized data center - user-controlled, user-defined configurations 3. Container-based architecture - auto-scaling - auto configuration Companies differentiate themselves through technology value add Technology increasingly software-based Software requires high-quality data Every company will become a data company