The significance of the cloud in modern businesses lies in its ability to provide scalable resources like storage and computing power over the internet. This cloud computing allows organizations to reduce infrastructure costs, as they no longer need extensive in-house servers. Instead, they can easily access and manage data and applications on demand. Furthermore, the cloud promotes collaboration, enabling remote teams to work together seamlessly. It also enhances data security through automated backups and disaster recovery solutions, making it essential for today’s business landscape.