Cloud elasticity refers to the ability of a cloud service to provide on-demand offerings, nimbly switching resources when demand goes up or down. It is often an immediate reaction to clients dropping or adding services in real time. Cloud elasticity is also known as rapid elasticity.
Utility computing is the process of providing computing service through an on-demand, pay-per-use billing method. Utility computing is a computing business model in which the provider owns, operates and manages the computing infrastructure and resources, and the subscribers accesses it as and when required on a rental or metered basis.
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