Cloud Computing

Cloud computing is a computing infrastructure and software model for enabling ubiquitous access to shared pools of configurable resources (e.g., computer networks, servers, storage, applications and services), which can be rapidly provisioned with minimal management effort, often over the Internet.

https://en.wikipedia.org/wiki/Cloud_computing

Cloud computing allows users, and enterprises, with various computing capabilities to store and process data in either a privately owned cloud, or on a third-party server located in a data center in order to make data accessing mechanisms more efficient and reliable. Cloud computing relies on sharing of resources to achieve coherence and economy of scale, similar to a utility.