1. THE CLOUD:
A THIRD PARTY SERVER THAT STORES DATA ONLINE

2. Saas (SOFTWARE AS A SERVICE):

SOFTWARE STORED IN THE CLOUD, NOT LOCALLY

3. CRM (CUSTOMER RELATIONSHIP MANAGEMENT SOFTWARE):

HELPS COMPANIES KEEP TRACK OF CUSTOMERS AND SALES

4. AMAZON WEB SERVICES:

DATA AND SOFTWARE WAREHOUSE

5. CONSUMPTION PRICING:

CHARGES CUSTOMERS BY AMOUNT OF SPACE USED

http://www.businessweek.com/videos/2012-08-07/the-5-cloud-computing-terms-you-need-to-know