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A cloud-based solution provides a service by leveraging the power of the cloud and cloud-based infrastructure to meet business needs, often with greater operational efficiency and cost effectiveness. More simply, businesses can access storage, applications, services, and other business tools through the internet instead of needing to purchase and manage all of the necessary business functions in-house.
Typically, the capabilities of a cloud-based solution are limited only by the provider offering the solution. For example, if a cloud-based storage provider only had 10 GB of storage on the cloud, that capacity limits the amount of storage the provider can offer to its customers.
While there are many types of cloud-based solutions with many types of capabilities, the nature of cloud-based offerings gives them a few common features: