Cloud Computing Follow Up

Just a follow up article I came across on what Cloud Computing is and where how it is currently defined.

Cloud Computing: A Transition Methodology
— Cloud computing refers to the practice of leveraging third-party computing resources, such as network grids and server farms, to extend IT capabilities and reduce the cost of ownership. This practice offers numerous potential benefits to organizations that want to centralize software and data storage management while eliminating the costly overhead of in-house hardware and software maintenance and the personnel required to build, support, and maintain enterprise computing solutions.