Cloud computing is the delivery of a diverse range of on-demand services on the internet. These resources include applications, storage, software, and much more. Popular cloud providers such as Amazon Web Services, Microsoft Azure, IBM, Oracle cloud embody the definition of cloud computing.
Thanks to cloud computing services, firms can circumvent the upfront costs and complications of owning and maintaining an IT infrastructure. Companies instead, simply rent applications, software, and more from these cloud computing providers when they require it. Similarly, providing the same services to a wide range of consumers, these cloud computing providers benefit from scale economies. The term, “Cloud Computing” has been lingering around since the 2000s however this concept as a service has been out there for much longer, as far as the 1960s when agencies would let firms rent time on their mainframes.
Cloud computing in today’s era is particularly important as the building foundation to support cloud computing accounts for more than one-third of the money spent on IT globally. While conventional methods of in-office IT continue, data moves to the clouds, be it public or private cloud service providers. These public clouds provide services on servers and storage space while intermediary organizations operate, handle and control all the hardware and software. These services can be accessed by nearly anyone. Private clouds are usually limited for certain customers; one with a business or organization. Many of these providers host it on private networks. A hybrid cloud is a union of both private and public services. This model gives customers more adaptability and helps them optimize the way they want.