Grid technology has emerged as an important new field, distinguished from conventional distributed computing by its focus on large-scale resource sharing, innovative applications, and, in some cases, high-performance orientation. To date, grid technology has been effectively put to use in academic and research institutions to power high-performance and technical computing applications. Grid technology is increasingly being viewed as the next phase of distributed technology. Built on pervasive Internet standards, grid technology enables organizations to share computing and information resources across department and organizational boundaries in a secure, highly efficient manner. Organizations around the world are utilizing grid technology today in such diverse areas as collaborative scientific research, drug discovery, financial risk analysis, and product design. Grid technology enables research-oriented organizations to solve problems that were infeasible to solve due to computing and data-integration constraints. Grids also reduce costs through automation and improved IT resource utilization. Finally, grid technology can increase an organization’s agility enabling more efficient business processes and greater responsiveness to change.