Cloud computing provides businesses several key benefits: - Flexible computing power and data storage allowing companies to scale resources as needed. - Cost savings by paying only for resources used and avoiding maintaining expensive in-house systems. - Ability to access data and resources from anywhere through internet connection. However, cloud computing also poses disadvantages like security risks if sensitive data is stored remotely and reliability issues from outages affecting multiple companies simultaneously. The concepts of capacity planning, scalability, and total cost of ownership are especially important for large cloud providers like Amazon to consider. Businesses that typically benefit most are online companies dealing with large data, multinationals needing global access, and those seeking to reduce IT costs.