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Cloud FAQs for CFOs

What finance executives should know about cloud computing, and why they should know it.

July 12, 2012

Q: OK, I'll bite. As simply as possible, explain the cloud so that I don't have to go to any more conferences or listen to any more lectures.
Once upon a time, if you ran a business and needed electricity, you made it yourself. You had a generator; you bought coal and burned it. Your business wasn't making electricity, but you had to devote resources to producing it and staffing the machines. Maybe you even had a chief electricity officer. Back in the day, some manufacturing companies did. Then power plants were built, and it became cheaper and more efficient to buy electricity and simply write a check to an electricity provider. Read more...

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