as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
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list two benefits of cloud computing
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1. cost efficiency: cloud computing offers businesses a cost-effective way to store and access data. they don't need to invest in expensive hardware to increase their storage capacity.
2. scalability: cloud computing makes it easier for businesses to scale up or down their data storage and computing power as needed. this makes it easier for businesses to respond quickly to changing market conditions and demands.
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