Among other things, it is used to streamline workflow, efficiently scale applications, manage machine learning algorithms and neural networks; the list goes on.
In this configuration, your company shares hardware, storage, and network infrastructure with other companies, aka “cloud tenants.”
The cloud resources (i.e., hardware, software, and related infrastructure) are owned and managed by a third-party vendor (folks like Google Cloud, Microsoft Azure, AWS, and IBM Cloud).
As such, Public cloud is the right solution for the following:
Application Hosting and also Development of software applications and flexible testing environments;
Data Mining, Data Analytics, and Business Intelligence applications with a vast scope of data to work on;