Source – venturebeat.com Serverless computing is a type of cloud service where the hosting provider allocates adequate resources for you on the fly rather than making you pay for dedicated servers or capacity in advance. It’s a major technological breakthrough, and we expect to see a significant inflection point soon in this nascent market. Serverless computing is the next phase in the evolution of IaaS (Infrastructure-as-a-Service). It completely abstracts the underlying infrastructure from developers and essentially virtualizes runtime and operational management.