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Utility Computing

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ALSO CALLED: On-demand Computing, On Demand Computing
DEFINITION: Utility computing is a service provisioning model in which a service provider makes computing resources and infrastructure management available to the customer as needed, and charges them for specific usage rather than a flat rate. Like other types of on-demand computing (such as grid computing), the utility model seeks to maximize the efficient use of resources and/or minimize associated costs. The  … 

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