The Economics of cloud computing

In my spare time I like to study subjects other that information technology or the latest computing trends for example economics – yes I lead an exciting life 🙂 In this blog I going to apply some of the principles of Economic theory to the current trend of cloud computing and why organizations should be planning a cloud strategy. A key concept of economic is the scarcity of resources (people + capital) used in the production goods and services and the economic decision on how those resources should be used. The term that is frequently used is “opportunity cost”. In …

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