Cloud@EIT

What is "The Cloud"? You can state many things that the cloud is and isn't but here is a list of "is:es"  picked from different actors:

The Cloud...
...improves agility.
...reduces capital expenditure.
...reduce operational expenditure.
...lowers the entry-barriers.
...enables third parties to provide infrastructure and services.
...enables sharing of storage-, processing- and distribution information capacity.
...reduces need for inhouse IT-skills.
...provides device- and location independence.
...provides system access via web-browsers.
...provides access from everywhere.
...eases up maintenance and installation efforts.
...shares resorces and costs across many users.
...centralizes infrastructure in low cost locations wrt real estate and power supply.
...provides load balancing
...provides control and monitoring via web-interfaces.
...provides multiple users to work with same data simultaneously
...provides redundancy and higher reliability
...is scalable and elastic.
...improves security regarding centralized data.
...is teraflops and terabyte on tap.
...is also much more.

EITs take on "The Cloud" consists of a number of projects, and academic/industrial collaborations that has resulted in a number of research results, publications and news and will continue to do so.