Why is Cloud Computing important?

There are many implication of cloud technology, for both developers and end users. For developers, cloud computing gives increased amounts of storage and processing power to run the applications they develop. Cloud computing also enables new ways to access information, process and examine data, and connect people and resources from any location anywhere in the world. For users, documents hosted in the cloud always exist, no matter what occurs to the user's machine. Users from around the world can collaborate on the similar documents, applications, and projects, in real time. And cloud computing does all this at lower costs, because the cloud enables more well-organized sharing of resources than does traditional network computing.