Cloud computing could be defined as a tool which has changed the way of organised
commercial computing and availing the computing options for very less cost and
effort. Thought it has drawbacks as well, but the positive aspects are so
influential that they cannot be overlooked, which has been reason for many
innovations which has changed the computing scenario. This has dramatically
changed the meaning of system and made very sophisticated system accessible to
every level of the entities. Speed, scalability, security are the key areas
being enjoyed by the users of cloud computers now. All these factors make using
the cloud computing worthwhile as they are proving themselves crucial in
success of any business. Cloud computing is a model for enabling convenient,
on-demand network access to a shared pool of configurable computing resources
(e.g., networks, servers, storage, applications, and services) that can be
rapidly provisioned and released with minimal management effort or service
provider interaction. We have been using the services of cloud computing
for many years now, for example, Google Docs, Amazon’s EC2 (Elastic computing
cloud) and S3 (Simple Storage Services).it is also
an important evolution in the way that businesses and individuals consume and
operate technology. Cloud computing makes IT infrastructure more dynamic,
modular, and easy-to-consume. Cloud computing is a way to increase capacity or
add capabilities on the fly without investing in new infrastructure, training
new personnel, or licensing new software. Cloud computing encompasses any
subscription-based or pay-per-use service that, in real time over the Internet,
extends Information Technology's existing capabilities. It is an on-demand
delivery model for IT services or applications with the characteristics of multi-tenant
hosting, elasticity (variable capacity) and utility based billing.
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Cloud
Computing is very essential in today’s global e- commerce environment because
with cloud computing customers do not own network resources, such as hardware,
software, systems, or services; network resources are provided through remote
data centre on a subscription basis; and network resources are delivered as
services over the web. Now all the business existing are focusing in cost
reduction. They tend to provide cheap service to their clients. In addition
access to the highly sophisticated system is a crucial need of today’s market
as customers are not ready to spend their valuable time for anything. So
business are looking forward towards offering cheap and flexible services where
cloud computing has proved itself as the base of today’s growing market with
prices going downwards with every new development. It has shown many hopes as
it is very helpful in reducing costs as the companies no more has to worry
about investing in hardware and timely upgrades. In addition business can enjoy
high level of flexibility in storage spaces along with highly automated system.
Moreover, IT professionals can enjoy more mobility as they now don’t have to
stick with their desk and can access to their system and data from almost
anywhere in the world where they can find basic computer facilities. This
ultimately allows them to focus on other various areas for new innovations
apart from traditional problems like upgrades and similar computing issues. Simultaneously,
it also saves companies from investing huge amount in systems and hardware
which they can use in other areas and reduce the cost of business which in
beneficiary both for service providers and users.

No references. Some copy and paste from various websites but some I believe your work. 101 of cloud computing and not a in depth research.
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