ON-DEMAND COMPUTING (UTILITY COMPUTING)
Refers to firms ’’Off-loading Peak Demand’’ for Computing power to remote , large scale Data Processing Centres.
Firms can reduce their investment in IT Infrastructure, in this manner, by investing just enough to handle ‘’Average Processing Loads’’ and paying for only as much additional Computing power based on their usage as the market demands.
Hardware Manufacturers such as: IBM, HP, ORACLE and Sun Microsystems all offer Utility Computing Services on demand.