IT Concept: Serverless Computing
A cloud execution model where the provider dynamically allocates resources, billing only for actual usage.
Serverless Computing — You write functions, the cloud runs them on demand with auto-scaling and pay-per-invocation pricing. Examples: AWS Lambda, Cloudflare Workers, Google Cloud Functions. Trade-offs: no server management but cold starts, vendor lock-in, and execution time limits. Best for event-driven, spiky workloads.