Cloud computing is the dynamic allocation of computing resources and their flexible use to enable new business models and use the economies of scale. Directly speaking, the servers, storage, and application is no longer managed on-premise but by the cloud service provider in their own data center facilities.
With this principle concept, the idea is not new, but today’s technology allows us to make use of it in daily business life and develop new business models. Different cloud models range from a public cloud, hybrid cloud, and private cloud. Also often referred to in the cloud discussion are the concepts of IaaS, PaaS, and SaaS. Big Cloud Providers are Microsoft Azure or Amazon Web Services (AWS). Today this technology can also benefit the terminal industry and the TOS deployment.
For more, please refer to other sources such as Wiki or Gabler.
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