Elasticity (computing)
in cloud computation, the dynamic adaptability of allocating resources to fit the workload changes

In computing, elasticity is defined as "the degree to which a system is able to adapt to workload changes by provisioning and de-provisioning resources in an autonomic manner, such that at each point in time the available resources match the current demand as closely as possible". Elasticity is a defining characteristic that differentiates cloud computing from previously proposed distributed computing paradigms, such as grid computing. The dynamic adaptation of capacity, e.g., by altering the use of computing resources, to meet a varying workload is called "elastic computing".
In the world of distributed systems, there are several definitions according to the authors; some consider the concepts of scalability a sub-part of elasticity, others as being distinct.
Purpose
Elasticity aims to match the amount of resources allocated to a service with the amount of resources it actually requires, avoiding over- or under-provisioning. Over-provisioning, i.e., allocating more resources than required, should be avoided as it may incur extra costs (monetary, energy, operational, etc.) for unused or underutilized resources. For example, if a website is over-provisioned with two cloud computing resources to handle current demand that only requires one resource, the costs of maintaining the second resource would effectively be wasted.
Under-provisioning, i.e., allocating fewer resources than required, must be avoided; otherwise, the service cannot serve its users with a good service. For example, under-provisioning a website may make it seem slow or unreachable, because not enough resources have been allocated to meet current demand.
Example
Elasticity can be illustrated through an example of a service provider who wants to run a website on the cloud.
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