In a strategy meeting, the head of operations expresses interest in modernizing the company's technological capabilities. She wants a briefing on an Internet-based computing solution that offers flexible resources, quick scalability, and pay-as-you-go pricing. How would you accurately describe this computing solution?
A model enabling on-demand network access to a shared pool of configurable computing resources that can be quickly provisioned with minimal management effort.
A proprietary network infrastructure optimized for exclusive organizational use, offering enhanced control and security.
A long-term contract with a technology provider for outsourced hardware and software maintenance services.
A virtualized environment managed in-house that provides organizational functions with high customizability.