Is 21 st century cloud computing same as 1960's time sharing

and yes Prof Goodnight, cloud computing is not time sharing. (Dr J was on a roll there- bashing open source AND cloud computing in the SAME interview at http://www.cbronline.com/news/sas-ceo-says-cep-open-source-and-cloud-bi-have-limited-appeal)

What was time sharing? In the 1960’s when people had longer hair, listened to the Beatles and IBM actually owned ALL computers-

http://en.wikipedia.org/wiki/Time-sharing

or is it?

The Internet has brought the general concept of time-sharing back into popularity. Expensive corporate server farms costing millions can host thousands of customers all sharing the same common resources. As with the early serial terminals, websites operate primarily in bursts of activity followed by periods of idle time. This bursting nature permits the service to be used by many website customers at once, and none of them notice any delays in communications until the servers start to get very busy.

What is 21 st century cloud computing? Well… they are still writing papers to define it BUT http://en.wikipedia.org/wiki/Cloud_computing

Cloud computing is Web-based processing, whereby shared resources, software, and information are provided to computers and other devices (such as smartphones) on demand over the Internet.