as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
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create a list of three benefits of cloud computing.
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1. cost savings, as most cloud computing services are billed on a pay-as-you-go model based on usage rather than a fixed fee.
2. scalability, as the cloud can be easily scaled up or down based on changing needs.
3. increased security, as data is stored in a secure environment, protected by several layers of security protocols.
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