Cloud computing, also known as cloud based system, is a broad term for anything that involves the delivery of hosted services over the internet. A cloud can be either private or public. A public cloud provides services to anyone with internet access. In 1996, the term "cloud computing" was first used in a Compaq internal document.

The term "cloud" was first associated with the concept of distributed computing, which gained popularity in the early 1990s at Apple-spawned General Magic, with prior references in academic work. You can check this website – https://pentwaterconnect.com/.

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As the cost of computer technology fell in the 1990s, an increasing number of personal computers were linked to networks. Salesforce was the first company to offer software over the internet in 1999, ushering in the era of Software as a Service. To know more about cloud based system, 

The term "the cloud" had already been coined to describe this new digital realm by the mid-1990s. Google and Microsoft quickly found themselves in a race to capture a larger share of the market share for this virtual environment.

By 2010, almost everyone was utilizing the cloud for entertainment, healthcare, banking, and government purposes. There was a gold rush to join this new industry. The cloud was causing a cultural shift never seen before in human history. 

The world was being reshaped by small businesses. Wealth was created in remote locations, and individual invention and ingenuity became the domain of the individual.