The New York Times reports on the rapid rise of cloud computing and how it’s changing the way companies conduct business. Through platforms such as Amazon Web Services (AWS), thousands of companies and government agencies are renting computer server and storage space for a fraction of the cost of owning and running their own systems. Though cloud computing has been around for a number of years, computing speed and storage is growing at unprecedented and exponential rates, the report states. Andrew Jassy, the head of AWS, said “We are on a shift that is as momentous and as fundamental as the shift to the electrical grid.” (Registration may be required to access this story.)
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