There are many different definitions of a 'Cloud' in the IT industry. In order to make sure we are on the same page can you provide your definition of a cloud hosting environment and describe its components?

"A cloud is an amalgamation of computer hardware, software, network, storage, and services. It can be managed by the organization or by a third-party service provider, such as Amazon or Microsoft. It is also known as 'computing as a service'. End users are unaware of where the components are located and where their applications and data reside. They access the cloud via an interface. This creates an environment in which they do their work."