Which of the following best describes Cloud Computing?

Cloud computing is best described as internet-based computing, which encompasses the delivery of various services such as storage, processing power, and applications over the internet. This model allows users to access and use these resources flexibly and on-demand without the need for local installations or dedicated hardware.

This approach provides numerous advantages, including scalability, cost efficiency, and accessibility from anywhere with an internet connection. Users can leverage these services to accommodate fluctuating demands, ensuring they only pay for what they use, which contrasts distinctly with the traditional methods of data management and software installation tied to specific hardware.

The other options pertain to more localized computing practices. Local server storage focuses on maintaining data and applications on site, while installing software on individual machines describes a standard method of software deployment that does not utilize internet connectivity in the way cloud computing does. Thus, the selection of internet-based computing accurately reflects the characteristics and benefits of cloud services, distinguishing it from more traditional computing methods.