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What does a single instance of a system serving multiple customers mean in the cloud?

Multi-tenancy in the cloud means that a single instance of a system serves multiple customers.

What is meant by multi

multi-tenancy. in the cloud means that a single instance of a system serves multiple customers, each customer is called and tenant, and multiple tenants can access the same system. single-tenancy. in which each customer or tenant must purchase and maintain an individual system.

What serves only one customer or organization and can be located on the customers premises or off the customer's premises?

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