Utility Computing

From News.com: “Utility computing describes a system that lets companies pay for IT services as needed, much as GATX is doing. Rather than buying their own servers (or additional machines) and hiring the maintenance staff associated with them, a company simply purchases server time or processing power from another company, which also takes care of upkeep and other such concerns. Services companies expect to charge customers the same way an electric company does: When usage spikes, so does the bill. ”

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Rajesh Jain

An Entrepreneur based in Mumbai, India.