What is Cloud Computing? (Finance)
August 22, 2024
In the technology space “cloud computing” is a term that is used a ton because it is a system that most companies are starting to implement. In simple terms, cloud computing is a system that allows for instant availability of computing resources as a service through the internet. This allows companies to have access through resources such as servers, data storage, databases, networking, software, etc. all through the internet.
The main benefit for cloud computing is being able to get rid of added costs for physical items such as data centers and hardware, as everything is able to be done through the cloud with cloud computing. Some of the biggest cloud computing companies include Amazon Web Services (AWS), Salesforce, Oracle Cloud, and ServiceNow.