It seemed that, virtually, over night the word "cloud" found its way into the popular lexicon. More aptly put, "cloud computing" is likely to be the future of the web and mobile technology. What's important to point out is that cloud computing potential doesn't begin and end there. ABI Research released a report recently that approached the issue of cloud computing and the growing need for it.
If you're not sure what "cloud computing" means, basically put, it's the infrastructure where both data storage and the data processing happens outside the device you're using. There are already many examples of this. It just allows for you, let's say phone, to work without having to download entire programs just to run one application. Instead you pull the data from one of these processing hubs. Many companies already use this technology and it's likely to become increasingly important and continue the way we live our lives and do business.