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Can cloud computing save money?

2 August 2013 Last updated at 03:37 BST

Cloud computing is a growing industry that allows businesses and individuals to store data that can be accessed from everywhere.

Companies that provide cloud storage services in Asia say the technology could bring down the cost of doing business for many firms.

Puneet Pal Singh spoke to Ajit Melarkode, from cloud storage firm Rackspace, about the benefit and potential risks of opting for cloud storage.