👉 Utility computing, often referred to as the "cloud" or "computing-as-a-service," is a model where computing resources—such as storage, processing power, and software—are provided on-demand over the internet, allowing users to pay only for what they use. This paradigm shifts the traditional ownership and management of IT infrastructure from organizations to service providers, enabling greater flexibility, scalability, and cost-efficiency. In a utility computing environment, resources can be easily scaled up or down based on demand, and users can access a wide array of services without the need for upfront capital investment in hardware or software. This model is particularly beneficial for businesses of all sizes, as it facilitates innovation and agility by reducing barriers to entry and enabling rapid deployment of new applications and services.
