Cath, not a bad article at de-bunking some myths. But don't nail your colors to the 'cloud is just hype' mast either. That would be just as wrong.
Most people haven't even begun to understand the profound implications of cloud computing, and cloud suppliers aren't very good at explaining - which doesn't help.
Cloud computing gives applications the ability to reproduce themselves without human involvement. If that isn't massive, I don't know what is!
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