What Does Cloud Capitalist Mean?
A cloud capitalist is a company that has a business model delivering a product or service that is based entirely in a virtual environment accessed through the internet, or is moving toward that model with its existing business. The products and services offered by cloud capitalists are a break from traditional models in that they are not meant to be downloaded or installed to a computer or wireless device.
Techopedia Explains Cloud Capitalist
Cloud capitalists are the pioneers of platform as a service (PaaS) and software as a service (SaaS) models, along with alternative cloud storage models for music and video. By requiring a subscription rather than a one-time purchase price, software makers get out of the constant grind of having to find extra features to make the upgrade attractive to consumers who have a serviceable older version on their machine. Consumers can also benefit from the cloud model in that they don’t need to upgrade their hardware or pay out a large upfront cost to use the latest versions of software.
