For a start, cloud computing is not a technology but a model of provision and marketing IT services that meet certain characteristics. Cloud is all about computer services, not products:
* The infrastructure is shared. Multiple clients share a common technology platform and even a single application instance.
* The services are accessed on demand in units that vary by service. Units can be, for example, user, capacity, transaction or any combination thereof.
* Services are scalable. From the user's point of view, services are flexible; there are no limits to growth.
http://www.pcworld.com/businesscenter/article/200332/the_key_concepts_of_cloud_computing.html
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