Impact, Examples, and Analysis for Accountants and IT Audit Professionals Presented By Michael W. Pinch, CISA, CISM, PMP PricewaterhouseCoopers 2/20/2009. Web 2.0 and Cloud Computing. Why are we talking Web 2.0?.
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Amazon opened up its internal databases to programmers with the intention of allowing them to create applications that will drive sales of Amazon products. Amazon has a profit sharing mechanism for developers whose applications result in sales.
As the service became more popular, Amazon started adding additional features to their API tools to help developers create more rich applications.
This is a centralized storage engine of virtual machines, mainly operating systems providing web applications or data
Called ”elastic” because you can dynamically increase or decrease computing power, and/or increase or decrease number of servers being used
Example: You run an E-Commerce business and you know that the lunch hour on M-F is peak traffic for your site. You can automatically stand up redundant application servers to serve the additional requests and take them down after the lunch hour. You only pay for what you use!