👉 Economies computing, also known as cloud computing or distributed computing, refers to the use of shared computing resources—like servers, storage, and applications—to provide services over the internet. Instead of relying on local hardware, economies computing allows users to access these resources on-demand, paying only for what they use. This model offers significant cost savings by eliminating the need for expensive hardware purchases and maintenance, while also providing scalability and flexibility. Economies computing enhances computational power by pooling resources from multiple providers, enabling faster processing and handling of large datasets. It supports various applications, from data analytics and machine learning to web hosting and IoT, making it a versatile solution for businesses and individuals alike.
