Gartner says the confusion that surrounds the term "cloud computing" signifies its potential to change the IT market. Gartner defines cloud computing as scalable, IT-related capabilities provided as a service on the internet.

"When organizations cross the threshold between the internet as a communications channel and the deliberate delivery of service over the internet, then we truly start to head for an economy based on consumption of everything from storage to computation to video to finance deduction management," said Daryl Plummer, a Gartner analyst.

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