Cloud computing enables users to access applications, database resources, and other high-end infrastructure over the internet without worrying about maintenance or management of actual resources. It provides services over public and private networks. There are different deployment models like public, private, hybrid, and community clouds. Service models include Infrastructure as a Service (IaaS), Platform as a Service (PaaS), and Software as a Service (SaaS). Cloud computing offers many benefits like cost-effectiveness, mobility, and collaboration for businesses.