Luckily I came across a wonderful document on Cisco's Website and thought of sharing some excerpts from the document, which I found worth sharing.
Cloud
is IT delivered as a service over the network. Going a level deeper,
cloud is a model in which IT resources and services are abstracted from
the underlying infrastructure and provided on demand and at scale in a
multi-tenant environment.
•
"On demand" means that resources can be provisioned immediately when
needed, released when no longer required, and billed only when used.
•
"At scale" means the service provides the experience of infinite
resource availability to meet whatever demands are made on it.
•
"Multi-tenant environment" means that the resources are provided to
many consumers - for example, business units - from a single
implementation.
Below is the approach one should follow while building a private cloud -
Along with the Cisco Cloud Reference Architecture Framework -
Also, I found some use cases worth sharing with you guys -
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sharing it with your friends -