Cloud computing provides scalable computing resources on demand that can be accessed over the internet. The document discusses different types of cloud computing including public, private and hybrid clouds. It also summarizes how cloud management systems like RightScale allow users to launch and configure virtual servers across multiple cloud providers, deploy applications across server templates for flexibility, and manage multiple servers as a unified deployment. The demo portion shows how to launch a server, dynamically configure server templates, and manage a multi-server environment on RightScale's cloud management platform.