cloud Computing is an umbrella term used to describe several services that are provided and hosted on the web. Cloud computing means, everything is being done on the internet's servers, and the files don't have to be localized. It allows companies to compute virtually rather than creating everything in-house.
There are several types of cloud services that are provided in today's world. Some great examples are like AWS and Google API. An IaaS (Infrastructure as a Service) is a kind of cloud service that includes web hosting, servers, databases, data storage and other computing resources to customers through online networks. Other cloud services include SaaS (Software as a Service) and PaaS (Platform as a Service) and these tools are provided by AWS, Microsoft Azure and the Google Compute Engine.
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a huge advantage of making use of these services is that there is little compromise on the quality of performance and user's don't have to rely solely on the processing power of their own servers or computers. The data and servers are always there and are not at risk of being displaced as long as the storage on cloud is paid for. Companies can also be very cost efficient with these services, and save a lot of their money on IT support that they would have incurred if they had to create their own infrastructure and databases. It's basically like receiving electricity from a third-party provider, rather than creating your own infrastructure to generate electricity for your offices.