Cloud Technology is an Internet-based computing solution that delivers IT as a service. What does that mean? Compare it to electricity: the power company builds and maintains the generators and transmission lines to deliver electricity to homes and businesses. You don’t have to buy your own generator to have electricity at home or work. The cloud works in a similar way. Running applications on the cloud saves money that you don’t need to buy expensive, hardy servers with lots of memory and processors to handle the computing load. You don’t need update and maintain the system or hire an IT specialist on your staff to manage it all.