Cloud Computing Terms

Virtualization

The creation of a virtual version of something in reference to operating systems servers data storage or network resources. Utilized by both enterprise and individual clients virtualization is the cloud-computing version of partitioning, where one drive is enabled to run multiple images simultaneously. A popular example is the Apple product of Bootcamp, where a user is able to run two operating systems on one machine.

Cloud Computing Terms

Software as a service

(SaaS) refers to cloud based application services that are delivered over the Internet by a provider eliminating the need to physically purchase the service. SaaS also eliminates the need to install most software as after services are purchased they run on a cloud-based platform. Utilized by many large corporations to prevent pirating, as the software is not physically owned but rater licensed.

Cloud Computing Terms

Disruptive Technology

This term refers to innovators that improve services or products that change both the way things are done and the market that they inhabit. Often these technologies are improved in unexpected ways. Cloud computing is an example of such technology as it has the potential to change the IT industry as well as the way IT services are preformed.

Cloud Computing Terms

Consumption Based Pricing Model

A pricing strategy where the provider of a service charges each customer based on the consumption of customer. This model refutes the prior time based fee structure where a consumer is charged based on the time of use. The CSBPM is exemplified by the Amazon S3 platform where certain spikes in data usage are charged per gigabyte of data used.