Introduction In the modern world, cloud computing has reshaped the usage of the web, as well as the storage of data in most companies. Cloud computing is a specialized technology that runs sites such as Facebook and Twitter. Furthermore, the new technology helps in the manipulation of files obtained from Google docs and Gmail. In the field of information technology, cloud computing would mean a network of computers. These computers are used as service-oriented tools. Their primary role is to transmit software and information. Websites can only be displayed in computers and servers. However, cloud technology is different because it uses information from computers as a collective virtual computer. This means that all applications have the capacity of running independently, without relying on servers or server configurations. In other words, cloud technology allows information to float around freely (Chambers, 2010). This implies that the hardware is not essential. Private cloud computing means that information to be shared is restricted to a few individuals, particularly members of an organization while public cloud computing allows information sharing among the general communal members. The main aim of this paper is to discuss the applications of cloud technology, its economic benefits, and how the technology has shaped businesses in the world. The relevance of cloud technology is understood through a case study. In this regard, the paper looks at the effectiveness of the technology in Prince Mohammad bin Fahad University. Application of Cloud Computing The social media, such as Facebook and Twitter, offer people with specific skills that can easily affect the way in which people pass information in organizations and social life. For instance, Facebook offers a micro-blogging UX. This facilitates the redistribution of information, asking of questions and finding knowledge. Information distribution does not follow any standardized structure in the cloud computing technology. Micro-blogging is a form of technology used in cloud computing, which utilizes the services of CRM (Zissis, 2010). Through CRM technology, an individual or a company can pass updates to other individuals regarding unusual events and actions. The following chart shows cloud computing layers. For companies, they are able to circulate configurable real-time updates to treasured customers through Facebook. For information to be displayed to other Facebook users, several tools and programming languages are employed. Facebook servers use a LAMP (Linux, Apache, MySQL, and PHP). The most essential tools are the Linux and the Apache. The two tools are indispensable when it comes to safeguarding the identity of the client. MySQL is a tool that is charged with the responsibility of transferring data from the primary server to other users. For purposes of ensuring that correct language is used, PHP programming technology is often employed. This ensures that the contents are portable. In this regard, the content can be distributed or even transferred to other users (Joha, & Janssen, 2012). The following diagram shows how the technology works. Critics of cloud computer technology claim that companies exploit customers. This is because customers boost the sales of t