Deciding on a Cloud Computing Technology Strategy
The cloud in cloud computing, like every other computing platform, has to be managed. And like any other technology strategy, a cloud strategy is considered in relationship to your IT organization’s and your company's overall strategies.
You must make a complex evaluation of costs, benefits, business cultural issues, risks, and corporate and government standards before developing a comprehensive cloud strategy. Although very few organizations have tested cloud services in these heavy usage situations, a well-planned cloud service strategy has the potential to significantly reduce costs.
Over time, however, as more and better commercial cloud services become available, companies increasingly will be able to rely on these services not just for IT cost savings, but also for delivering new value to the organization. The trend toward well-managed cloud services is especially important because of the increased automation across the organization. This may include the software embedded in everything from manufacturing systems to radio frequency identification tags that track inventory.
Cloud services can help organizations in steps. With utility computing, any customer can plug in an application or component because all the interfaces have been standardized between implementations. For companies to successfully use the cloud, management must decide what types of services they will begin deploying from the cloud.
One organization may decide that a Software as a Service (SaaS) approach is best, whereas another wants incremental capacity on demand. Before planning a usage strategy, consider what cloud services might be right for you. Most organizations adopt a hybrid strategy, combining internal managed services with cloud-based services.

Cloud Computing Glossary
cloud computing
A networking solution in which everything — from computing power to computing infrastructure, applications, business processes to personal collaboration — is delivered as a service wherever and whenever you need.

Cloud Computing Glossary
cloud service
The delivery of software, infrastructure, or storage that has been packaged so it can be automated and delivered to customers in a consistent and repeatable manner.

Cloud Computing Glossary
deprovision
The release of cloud services that are no longer needed.

Cloud Computing Glossary
federating
Linking distributed resources together over the cloud.

Cloud Computing Glossary
hypervisor
An operating system that acts as a traffic cop, managing the various virtualization tasks in the cloud to ensure that they make things happen in an orderly manner.

Cloud Computing Glossary
multi-tenancy
The sharing of underlying resources by multiple companies over a cloud.

Cloud Computing Glossary
network attached store
Storage that has its own network address through which it is accessed by the network's workstation users. Acronym: NAS

Cloud Computing Glossary
service level agreement
A contract that stipulates the type of service you need from providers and what type of penalties would result from an unexpected business interruption. Acronym: SLA

Cloud Computing Glossary
solution stack
An integrated set of software that provides everything a developer needs to build an application.

Cloud Computing Glossary
storage area network
A storage systems that is flexible and scalable because it's available to multiple hosts at the same time. Acronym: SAN

Cloud Computing Glossary
vertical industry groups
Workgroups comprised of members from a particular industry such as technology and retail.

Cloud Computing Glossary
virtual memory
The portion of your hard drive that Windows uses to expand the available RAM

Cloud Computing Glossary
virtualization
Using computer resources to imitate other computer resources or whole computers to maximize performance and flexibility.