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Private Cloud Definition:
The cloud service is operated solely for an
organization. It may be managed by the organization or
a third party and may exist on premise or off premise. It
is a subset of the enterprise IT and managed services
markets.
Uses:
Secure enterprise applications , secure databases and
sensitive customer financial data and applications, e.g.
SAP
Examples:
Savvis Symphony – 1st SP to offer private cloud
services
Pros:
Yields same benefits as public clouds
Services available on demand
Can act as a gateway to the public
cloud
Keeps business-critical information
systems inside
Cons:
Doesn’t have the elasticity of public
clouds
Limited scale and flexibility
Requires significant investment
Obsolescence risk is still a worry