What is cloud computing?

Cloud Computing refers to manipulating, configuring, and accessing the hardware and software resources remotely. It offers online data storage, infrastructure, and application.
It is a on demand delivery of IT resources via the internet with pay-as-you-go pricing. It provides a solution of IT infrastructure in low cost.
Cloud computing offers platform independency, as the software is not required to be installed locally on the PC. Hence, the Cloud Computing is making our business applications mobile and collaborative.

What is cloud computing?