utility computing
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- a service provisioning model in which a service provider makes computing resources and infrastructure management available to the customer as needed (on-demand computing), and charges them based on metered usage rather than a flat rate.
Versatile Systems - Cite This Source - This Definition - An emerging business model where customers don't buy computer hardware but pay for its usage. Service providers own computer hardware leasing computation time on demand.
virtualization.info - Cite This Source - This Definition - Autonomic Computing, Clustering, Data Center, Grid Computing, I/O, infrastructure, on-demand computing, pervasive computing, ubiquitous computing, virtual infrastructure, workload management
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