Collaboration consultant and SharePoint Architect.

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Cloud Computing is the concept of running software and services on the internet. This can be any form of computing including email (gmail, hotmail etc), file storage (SkyDrive, Dropbox, Gogle Drive etc), data storage and manipulation (Amazon web services) and applications (Google Docs, Office Live, Salesforce.com etc). Orginally applied to the telecoms networks, the cloud diagram represents a group of networked systems (computers, servers, printers, etc) that represents a whole that is greater than the sum of its parts.

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Cloud Computing

Cloud Computing (from wikipedia)

Skydrive

Categories: Glossary
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Skydrive is Microsoft’s cloud storage offering.

SkyDrive (also called Microsoft SkyDrive or Windows Live SkyDrive) is a free-of-charge file hosting service that allows users to upload files to a cloud storage and then access them from a Web browser. It is part of Windows Live range of online services and allows users to keep the files private, share them with contacts, or make the files public. Publicly-shared files do not require a Windows Live ID to access.
The service offers 25 GB of free personal storage,[1] with individual files limited to 100 MB.[2] The service is built using HTML5 technologies, and files can be uploaded via drag and drop.
From wikipedia