Cloud computing the 5th utility?

Considering significant advancements in IT technology in the last half century, there is an increasing believe among people that computing resources will one day be considered as a normal utility just like water, electricity, gas, and telephony. Cloud technology allows users gain access to computing resources which include hardware or software on a pay-as-you-use basis just like any other home utility.
Reference:
http://www.few.vu.nl/~kgr700/cloud%20computing%20and%20emerging%20it%20platforms.pdf

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