In the simplest of terms, "Cloud Technologies" means any technology that let's you use its service when you need it, however much you need and without the costly upfront expense.
As with the Video example below, you don't have to buy any more Servers as your business keeps growing, you simply use as much as you need and then pay for only what you use.
The best comparison you can draw is from Utilities companies, you use as much 'Electricity' as you need in a month without the need for purchasing an expensive generator.
If a picture is worth a thousand words then a video is worth a Million. Check out the video below for a good explanation of 'Cloud Computing'.
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