Cloud computing services give you the ability to store data and other workloads in remote repositories via the Internet instead of being stored on the company’s servers and hardware. These capabilities are offered by third-party providers at a monthly fee, removing the cost of purchasing and deploying hardware, as well as managing the infrastructure on site.

SaaS (Software as a Service) is the type of cloud computing that is frequently used in corporate environments. SaaS applications offer high availability, are simple to use and can be accessed via any device using a web browser. They are typically purchased per seat or per user which eliminates the need to purchase and install software packages for each employee and provide equipment that can support the application.

PaaS (Platform as a Service) is another cloud computing service that provides application development and deployment on the cloud. It lets developers develop applications, test, deploy and manage complete applications in one location. Notable examples include Microsoft Azure, AWS Elastic Beanstalk, and Google App Engine.

IaaS is an online cloud computing service that offers basic infrastructure capabilities like servers, storage for data, and hardware. This allows companies to host large platforms without having to invest in large physical infrastructures. IaaS providers include DigitalOcean and RackSpace.

Automatic software updates: Cloud-based software updates automatically and update themselves, which reduces the amount of time needed for IT departments to carry out an organization-wide manual upgrade of their systems. PCWorld reports that this could save IT departments and budgets money by not having to pay for unnecessary IT consulting costs. Cost uncertainty: Pay-as–you-go subscription plans and the need to scale resources to meet changing workload demands can make it difficult for companies to estimate their final cloud costs.