To me, cloud computing is not just a buzz word, but the key to handle concurrency, reliability and scalability in a massive scale.
Recently IEEE Spectrum article "Gameframe guild" really took my imagination by combining cloud computing with MMOG (multiplayer online game). The real demand comes from intensive 3D graphics in the new generaion of MMOGs.
And they are definitely "THE Killer Application" to drive the demand for high-performance cloud computing like IBM z10 (powered by Cell chip for floating point computing). In the market for low-end cloud computing (e.g. serving a website like facebook), Amazon EC2 will still have its market.
Google's cloud is so specialized for its search-engine, it's hard to say if they have an edge over other tech companies like Sun or IBM.
MS has tied itself to desktop application for too long. They need a major change to catch up.
With the Cloud Computing booming, no wonder the price for CS System Engineer rises 16% over the last 5 years, the highest among all engineering fields.
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