What is Elasticity

1.

Ability to dynamically deploy and scale systems resources based on need in real time. This provides an illusion of infinite amount of resources to consumers allowing the consumer to purchase only what they need. Learn more in: Enterprise Cloud Adoption: A Quantitative Exploratory Research

2.

Elasticity is the dynamic allocation of cloud resources so that an organization can use the exact amount of resources required during any given time period. Learn more in: Forensic Acquisition Methods for Cloud Computing Environments

3.

Elasticity is also considered as the salient feature of storing Big Data on the cloud. Learn more in: Architecture for Big Data Storage in Different Cloud Deployment Models

4.

It is the capability of a computer system to adjust its capacity dynamically to cater to the demands of users. Learn more in: Virtualization as the Enabling Technology of Cloud Computing

5.

the capacity of a resource of changing the coordinates of only some of its contacts. Learn more in: A Service-Based Framework to Model Mobile Enterprise Architectures

6.

Elasticity is a mathematical concept. It can be applied to functional relationship. Suppose we have a function where is the independent variable and is the dependent variable. If changes by 1% the resulting percentage change in is called elasticity of with respect to . Thus the ratio of percentage change in to percentage change in represents the elasticity of with respect to . Elasticity of this function is defined as . The formula for elasticity can also be expressed in terms of logarithmic differentiation as . Learn more in: Infrastructural Development: An Engine of Growth – An Empirical Study in SAARC Countries

7.

A change in one factor over a change in another; mathematically, dx/dy. Should always be referred to in the form of “y elasticity of x,” e.g. “price elasticity of demand.” Learn more in: Sustainable Business Value

8.

The expression H 3 /E 2 which contains hardness and elastic modulus. Learn more in: Nano Indentation Response of Various Thin Films Used for Tribological Applications

9.

In economics, the elasticity of numeric variable Y with respect to numeric variable X is the percentage change in Y when X increases by one percent. Learn more in: An Update on Mobile Broadband Availability in the United States