What are the five common features of Cloud Computing?

According to the NIST (National Institute of Standards and Technology) five common features of Cloud Computing are:
  • On-demand self-service: users can set themselves up without the help of anyone else.
  • Ubiquitous network access: available through standard Internet-enabled devices.
  • Location independent resource pooling: processing and storage demands are balanced across a common infrastructure with no particular resource assigned to any individual user.
  • Rapid elasticity: consumers can increase or decrease capacity at will.
  • Pay per use: consumers are charged fees based on their usage of a combination of computing power, bandwidth use and/or storage.

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