DAILY FINANCE: … Thanks to the thousands of miles of fiber-optic cable laid during the 1990s, the speed of computer networks caught up with the speed of the computer processors. Computers that were once isolated are now linked in a giant network, or “cloud.”
Like electricity, cloud computing isn’t just a modern convenience — it’s becoming an enormous industry. Everyone from individuals to multinational corporations can now simply tap into the “cloud” to get all the things they used to have to supply and maintain themselves.
As a result, computing is fast becoming a utility in much the same way that electricity did. And most of us don’t give any of it a second thought — just like you don’t think twice about where the electricity is coming from when you plug an appliance into the wall… (more)
