This document discusses the benefits of cloud computing for businesses. Cloud computing provides on-demand access to computing resources like storage, programs, and data over the internet. It is growing exponentially and generating billions in annual revenues. There are different types of cloud services including Infrastructure as a Service, Platform as a Service, and Software as a Service. Cloud computing offers economic benefits to businesses like reduced IT costs, improved security, and hardware and real estate savings. It also allows for simplified growth and access to resources from any device.