This document discusses different types of cloud computing models including Software as a Service (SaaS), Infrastructure as a Service (IaaS), Platform as a Service (PaaS), colocation, managed hosting, and hosted applications. It provides advantages and disadvantages of each model. The document aims to explain how businesses can move applications and infrastructure to the cloud. It notes that cloud computing provides on-demand, scalable access to computing resources over the internet and is now widely used by individuals, businesses, non-profits and governments.