Originally Published in Canadian Corporate Counsel Association Magazine - Winter 2012.
The Promise and the Challenge. Organizations are able to leverage reliable internet connectivity to access quickly scalable computing power, platforms and software owned and managed by specialist third parties.
The opportunities presented by these cloud computing technologies were recently acknowledged by the European Commission in its paper Unleashing the Potential of Cloud Computing in Europe (available at http://ec.europa.eu). In that paper, the European Commission stated that it “aims at enabling and facilitating faster adoption of cloud computing throughout all sectors of the economy” (public and private) in order to accelerate productivity growth and competitiveness.
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