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The cloud model and its flexible delivery of virtualized resources present major challenges to the design and operation of IT systems. Today, with cloud-based networking of databases, sensor networks, intranets, and the Web, datasets on the order of petabytes or exabytes have come to exist. A classical analysis of the amount of text, image, video, and audio data is no longer feasible. Solutions are still being sought, which is adequate reason to set up a facility where interdisciplinary teams of scientists can develop new approaches to analyzing the data while focusing on appropriate domains of application such as marketplaces for information and smart grids.