I throw around some web words sometimes, just figuring many people know what they mean.  Here is a good definition of a word (or combo of two words) which is very big in the “Web 2.0″ world – cloud computing:

former IBM big brain Irving Wlawadsky-Berger provides a succinct definition:

“What is cloud computing?  It is basically an Internet-based network made up of large numbers of servers – mostly based on open standards, modular and inexpensive.  Clouds contain vast amounts of information and provide a variety of services to large numbers of people.  Users of the cloud only care about the service or information they are accessing – be it from their PCs, mobile devices, or anything else connected to the Internet – not about the underlying details of how the cloud works.”

Go to the SMT post for more.