By the end of 2010, cloud computing had taken years of slow expansion and snowballing hype, creating a new movement in technology that is taking businesses by storm. While the cloud has been around for almost a decade, it's expansion prior to 2010 was somewhat ponderous.

Over the course of the year, the cloud expanded swiftly and gained a substantial amount of hype. Ed Meagher, vice president of healthcare strategy at CSC, told Federal News Raido the cloud may have an even more productive 2011.

According to Meagher, cloud computing has become popular because it offers companies the ability to reduce their costs by cutting down on internal IT infrastructure. The cloud has also created new opportunities to generate revenue, he said.

"People have heard cloud computing for years, and now all of a sudden this is money," Meagher told Federal News Radio.

During the past year, the government has embraced cloud computing, setting new rules in place that encourage agencies to use the cloud for all of their software needs.

According to the Hindustan Times, cloud computing has quickly emerged as one of the most important technologies affecting governments and businesses. Within the next two years, the cloud will cement itself as a dominant technology, the report said.