Private Cloud

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A private cloud is a cloud infrastructure that is provisioned for use by a single organization comprised of multiple users. A private cloud cab managed and operated by the organization, a third party, or some combination of them, and it can exist on or off premises.

Private Cloud (Wikipedia)

Cloud computing is the on-demand availability of computer system resources, especially data storage (cloud storage) and computing power, without direct active management by the user. Large clouds often have functions distributed over multiple locations, each of which is a data center. Cloud computing relies on sharing of resources to achieve coherence and typically uses a pay-as-you-go model, which can help in reducing capital expenses but may also lead to unexpected operating expenses for users.

Cloud computing metaphor: the group of networked elements providing services does not need to be addressed or managed individually by users; instead, the entire provider-managed suite of hardware and software can be thought of as an amorphous cloud.

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