The main applications of cloud technology in business include data storage, backup and recovery, and application hosting. By leveraging the cloud, organizations gain access to scalable resources that can accommodate increasing data demands without significant upfront costs. Cloud technology also enables seamless collaboration through shared tools and platforms, facilitating remote work and team projects. Additionally, businesses can utilize cloud-based services for analytics, customer relationship management, and machine learning initiatives, making it easier to innovate and adapt quickly. Overall, cloud technology enhances operational efficiency and drives digital transformation across industries.