Cloud technology involves storing, managing, and processing data via remote servers on the Internet rather than local hardware. There are three types of cloud services: Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). Cloud computing provides benefits such as reduced costs, increased reliability, ease of access, unlimited storage, and the ability to access applications from anywhere without installing them. Considerations for moving to the cloud include applications to support, data ownership, fluctuating data volumes, costs, migration strategy, downtime, and outsourcing infrastructure.