Cloud computing as an innovation platform

Cloud computing is providing opportunities to create new business models, as well as providing tooling to redesign existing ones. Cloud computing creates simple, self-service, flexible, and low-cost infrastructure for a highly technological and innovative ecosystem of services. More than processing capability, the role of cloud computing is to become an innovation platform. Let's dive into the world of cloud computing to understand its relation and importance to Industry 4.0 development.

The cloud computing model

Cloud computing is the concept of sharing computational resources, including memory, calculation, networking, and storage capabilities, to run applications. The characteristics that define a computing model as a cloud model include self-service resource allocation, software-defined resources, and pay-as-you-go monetization. These are usually presented in three models of commercialization: Infrastructure as a Service (IaaS), Platform as a Service...