What is the term for a computing system that is owned and maintained by a vendor and accessible over the internet?

The term "Cloud Computing" refers to a computing system that is owned and maintained by a vendor and accessible over the internet. This model allows users to access resources, applications, and storage without needing to own or manage the underlying infrastructure. Instead, these services are provided remotely over the internet, making them flexible and scalable.

Cloud computing encompasses different service models such as Software as a Service (SaaS), Platform as a Service (PaaS), and Infrastructure as a Service (IaaS). This model is beneficial for organizations as it reduces the need for on-premises hardware and lowers maintenance costs, while also providing access to the latest technology advancements offered by the vendor.