Utility computing is a business model whereby computer resources are provided on an on-demand and pay-per-use basis,which is in sharp contrast with the traditional SDLC model of purchasing physical systems,configuring them,and devoting them to one application for their useful life.

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Utility computing is indeed a business model that provides computer resources on an on-demand and pay-per-use basis. This is different from the traditional model of purchasing physical systems and configuring them for one specific application.

Utility Computing Is a Business Model Whereby Computer Resources Are