InstructionDescribe the importance of contemporary virtualization technology to cloud computing with an emphasis on hardware independence, server consolidation, and resource replication. Explain the difference between OS and hardware-based virtualization. Please submit as a word document using the 12-point font size, Arial, double line spacing throughout. You must have a title page. (title page should have - the name of the course, the name of the assignment, your name, your instructor’s name and date of submission with the year. All these must be centered in that first page).