The most recent technology, cloud computing, has a significant impact on society and will only increase computing power. Cloud computing has affected the software infrastructure and altered how we view technology. In this essay, we examined cloud computing, including its history, applications, and effects on the economy. Due to its promises of flexibility, scalability, productivity, and low maintenance costs, cloud computing has greatly aided business profitability as well as the long-term growth of information technology. It offers both users and businesses a number of advantages. It enables the user to access cloud-based programs and files from any location, including mobile devices. Large businesses can now manage big data issues as well. Due to the lack of regulations and uniform data protection laws, cloud computing raises security issues. Users have concerns about the security and safety of their data, who has access to it, and the privacy practices in place. But after all these rules are put in place, cloud computing will drastically alter the way things are done in the future.