Cloud computing is the practice of using remote servers on the internet to store, manage and process data rather than local servers or personal computers. It allows users to access applications and data from anywhere through a web browser. Companies can benefit from lower hardware and support costs, flexibility, and potential increased computing power. However, some concerns exist around privacy, security, ownership of data, and the potential loss of some IT jobs as these functions shift to cloud providers. Strong privacy and security measures are needed for users and companies to trust sending sensitive data to the cloud.