Cloud computing is a technology that allows users to access and use computing resources like servers, storage, and software over the internet. Instead of owning and managing physical hardware, users can rent these resources on a pay-as-you-go basis. This provides flexibility and scalability for various applications.
Cloud computing typically uses a pay-as-you-go or subscription pricing model. This shifts costs from capital expenditures to operational expenses, making it more cost-effective. Users only pay for the resources they consume, enabling scalable usage and predictable financial planning.