DEFINITION: IaaS ABB is a Technology Service providing a standardized, highly automated offering in which computing resources owned by a service provider, complemented by storage and networking capabilities, are offered to customers on demand. Resources are scalable and elastic in near real time and metered by use. Self-service interfaces, including an API and a graphical user interface (GUI), are exposed directly to customers. Resources may be single-tenant or multitenant, and are hosted by the service provider or on-premises in a customer’s data center. Source: Gartner (https://www.gartner.com/en/information-technology/glossary/infrastructure-as-a-service-iaas)