This literature review explores the advantages and disadvantages of cloud computing for businesses. It covers the project objectives and scope, and provides a detailed analysis of the benefits and drawbacks of cloud computing. The advantages include cost savings, security, flexibility, mobility, collaboration, disaster recovery, loss prevention, competitive edge, and sustainability. The disadvantages include insecure interfaces, theft of account credentials, abuse by hackers, data breaches, DoS attacks, and lack of due diligence.