What are the benefits of Cloud Computing?

Benefits of cloud computing
•Avoid capital expenditure on hardware, software and services
•Pay for consumption on a utility or subscription basis with little or no upfront cost
•Low barriers to entry with rapid provisioning
•Shared infrastructure and IT cost savings
•Low management overheads
•Fully scalable and highly resilient performance, elastic resources to cope with IT processing peaks and troughs
•High levels of data security, accountability and control