Cloud computing provides easy access to high-performance computing and storage infrastructure through web services. It offers massive scalability, 99.999% reliability, high performance, and configurable options at low cost. Cloud storage stores data on multiple servers rather than dedicated servers, so the user's data is dynamically managed across storage locations for flexibility, cost savings, and scalability. The key technologies that enable cloud storage include infrastructure as a service, platform as a service, software as a service, and storage as a service.