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AIROI - Artificial Intelligence Return on Invest: The AI strategy for decision-makers and managers

13 July 2024

Cloud computing (Glossary)

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Cloud computing is a fundamental term in the areas of digital transformation, big data, smart data and artificial intelligence.

With cloud computing, IT resources such as servers, storage space or programs are no longer operated on your own computer or in your company's own data centre. Instead, these services are used via the Internet by specialised providers, known as cloud providers. This means that you have flexible access to computing power, storage or software via an online connection without having to worry about maintenance, updates or security yourself.

A simple example: in the past, companies had to install expensive software on every computer for every employee. With cloud computing, one login is enough for everyone and the software runs in the cloud with the provider. This allows companies to save on hardware costs, benefit from regular updates and provide employees with access from any location.

Thanks to cloud computing, processes can be digitalised faster, large volumes of data can be processed and new business models can be implemented. It is a driver of innovation and provides companies with flexibility, scalability and efficiency.

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