Sharing and Storing Data Cloud computing in turn Refers to sharing resources, software, and information via a network In cloud computing, the word cloud (also phrased as ``the cloud``) is used as a metaphor for ``the Internet,`` so the phrase cloud computing means ``a type of Internet-based computing Fast response to business needs. Cloud applications can be updated, tested and deployed quickly, providing enterprises with fast time to market and agility. This speed can lead to culture shifts in business operations. Simplified operation Infrastructure management can be outsourced to third-party cloud providers. Instant scalability As demand rises or falls, available capacity can be adjusted. Gradual adoption Refactoring legacy, on-premises applications to a cloud architecture in steps, allows components to be implemented on a gradual basis. Reduced costs The size and scale of data centers run by major cloud infrastructure and service providers, along with competition among providers, has led to lower prices. Cloud-based applications can be less expensive to operate and maintain than equivalents on-premises installation. Improved data sharing and security Data stored on cloud services is instantly available to authorized users. Due to their massive scale, cloud providers can hire world-class security experts and implement infrastructure security measures that typically only large enterprises can obtain.