Cloud economics – budgeting for the cloud

There are two key areas in which companies should consider the economics of cloud computing: (1) how much an organization can save if it consumes cloud computing as an outsourced utility computing service and (2) how much it might save if cloud computing principles successfully reformulate data center strategies. Tom Nolle, Gaining cost savings from the cloud

Today’s WhatIs.com Word of the Day is cloud computing.  In a memo  released last week, the Feds propose cloud computing and  telecommuting as ways to make the federal government leaner.

Cloud-computing and “work-at-a-distance” represent major new Government-wide initiatives, supported by the CIO Council under the auspices of the Federal CIO (OMB’s E-Government Administrator), and funded through the General Services Administration (GSA) as the service-provider.

It’s in this section called “IMPROVING INNOVATION, EFFICIENCy AND EFFECTIVENESS IN FEDERAL IT.”