What service does cloud companies like Amazon and Microsoft provide that is so lucrative?

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I heard that’s the reason why Microsoft took off in value the last few years, and it’s the real cash cow for Amazon. However, I don’t really understand what the cloud is other than online drives like Dropbox

In: Technology

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Anonymous 0 Comments

Think about your computer or laptop. Now think: “don’t buy it lease it”. Now think: have someone else house it, provide power (and ups backup), maintenance (replace dead drives, upgrade RAM), and supply big internet pipes as part of the lease. You access / run it over the internet. That’s a simplified cloud, except it is usually servers (think web sites, big databases, search engines, etc.) and not desktops / laptops.

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