Cloud computing refers to files and services, that are processed to retrieved over all the computers, rather than on the hard disk of your machine. It's also known as a Net metaphor, which is a so-called local disc and device, whenever you store information on a disc or run programs.
It uses distributed tools to save software and other equipment costs in organizations.
It is a pay structure of "utility", that uses expensive hardware, and maintains it, that's why the given statement is false.
