Cloud computing is a term used to refer to a model of networked data sharing and access that allows different users to access shared resources such as software, services, storage and applications on demand. It enables faster development of new services and applications while reducing the time it takes to deploy them in production environments. Cloud computing provides IT solutions at much lower costs than traditional IT solutions. The cloud can be both public or private depending on the provider’s infrastructure.

Public clouds are hosted by third-party providers and organizations can easily subscribe to these services with relatively low upfront investment costs while still enjoying the benefits of scalability and elasticity offered by cloud computing. Examples include Microsoft Azure and Amazon Web Services (AWS). Private clouds are built for specific organizations using their own servers and storage devices, providing higher levels of control over security, privacy, compliance, performance, cost savings etc. Examples include Google Compute Engine (GCE) or OpenStack for private clouds.

The benefits associated with cloud computing are numerous; some key ones include: agility/speed – thanks to its scalability properties it allows businesses to rapidly increase capacity without large investments in hardware; flexibility – the pay-per-use pricing model associated with cloud means businesses have more financial flexibility when responding to changing market conditions; reliability – since cloud providers store data offsite they offer increased security measures that make sure all information is secure even if there is an internal system failure; cost efficiency – due to its scalability features companies save money on purchasing hardware which would otherwise need constant upgrades when expanding; improved collaboration – employees from different locations can work together seamlessly via cloud sharing tools like Dropbox or Google Drive making collaboration easier than ever before; global accessibility – thanks to Virtual Private Networking (VPN), customers located anywhere in the world will be able connect securely at any time through their internet connection allowing remote meeting collaborations almost instantly.

A REPORT ON CLOUD COMPUTING

All major technology companies today offer products on either public or private clouds giving enterprises more choice when selecting what works best for them. Cloud vendors also provide various managed services such as monitoring available resources or setting up backup solutions meaning less manual labor is needed from IT departments saving businesses further money as well as increasing productivity within teams working remotely from one another around the globe .

Despite all these advantages there are few drawbacks worth pointing out related mainly around security issues where third party providers may not meet certain standards required by strict regulations existing in certain sectors making it difficult for organizations operating under those laws/standards use this type of solution unless certified specifically for that purpose i..e HIPAA compliant hosting environment must exist prior engaging into any kind of agreement with a potential vendor/. Other potential disadvantages could come down lack of control over where data is stored leading towards possible loss of competitive edge due not being able manage GDPR requirements properly Furthermore if demand suddenly increases then sudden surge could potentially lead towards additional unexpected charges which might impact budgeting processes negatively resulting potentially into extra fees if exceeded set limits /monthly quotas/. Despite all these concerns though most experts agree that overall cloud adoption has been positive despite some challenges faced initially due newer technologies involved requiring proper understanding before committing too long term deals .

To sum up ,cloud computing provides great opportunities for organisations looking reduce operational costs whilst staying ahead competition thanks scalability properties offering great value terms speed ,flexibility ,cost efficiency global accessibility . With so many options available ranging from SaaS/PaaS models enterprise clients now given opportunity benefit latest technologies without huge investments traditionally needed take advantage similar opportunities pace innovation today’s world requires keeping organisations highly competitive globally .