The term 'cloud computing' signifies the delivery of various computing services, including storage, processing, and software, over the internet (the cloud). This model allows users to access and use resources without the need for local infrastructure, promoting flexibility, scalability, and cost efficiency. Cloud computing enables organizations to easily scale their IT resources according to demand, reduce capital expenditures, and take advantage of the latest technologies without significant investment in hardware. Common service models include IaaS, PaaS, and SaaS.