To describe virtualization there is no better source than VMWare who is the leader in VM.

VMWare description of Virtualization

Virtualization is the process of creating a software-based, or virtual, representation of something, such as virtual applications, servers, storage and networks. It is the single most effective way to reduce IT expenses while boosting efficiency and agility for all size businesses.

Benefits of Virtualization

Virtualization can increase IT agility, flexibility and scalability while creating significant cost savings. Greater workload mobility, increased performance and availability of resources, automated operations – they’re all benefits of virtualization that make IT simpler to manage and less costly to own and operate. Additional benefits include:

– Reduced capital and operating costs
– Minimized or eliminated downtime
– Increased IT productivity, efficiency, agility and responsiveness
– Faster provisioning of applications and resources
– Greater business continuity and disaster recovery
– Simplified data center management
– Availability of a true Software-Defined Data Center

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