The digital world of on-premise servers, with local and extensive computing power, enabled massive corporate production. We now live in a non-local, virtualized world, where you can access your information from anywhere. Businesses large and small have global workforces that simultaneously need their whole infrastructure when they travel, and also need access to international counterparts when they are at their home offices. Cloud computing enables this immense functionality.
The shift to cloud computing comes with a host of issues like security, latency, reliability, geopolitical inconstancy, and accessibility. Serverless computing is allowing for consumers to pay for space and functionality by the minute, and even second. This drastically brings down prices, essentially democratizing massive compute power—users are given choice and flexibility they never had before. For corporations large and small, what was once a capital intensive fixed cost, becomes a variable cost that scales in direct proportion with need and output leading to huge capital efficiency.