1) Cloud computing allows users to access computer resources and storage space over the internet rather than through local hardware. It removes the need to be in the same physical location as the hardware storing your data.
2) There are different types of cloud services including public, private, community, and hybrid clouds that can be used by individuals and businesses.
3) While the cloud provides convenience and collaboration benefits, it also raises security and privacy concerns since users relinquish some control over their data. Providers aim to mitigate risks, but breaches are still possible.