Serverless Computing is a cloud computing model that allows developers to build and run applications without managing the underlying infrastructure. Instead of provisioning servers, developers can focus on writing code, while the cloud provider automatically handles scaling, load balancing, and server management. This approach can lead to increased efficiency and reduced operational costs. In a serverless architecture, applications are broken down into smaller functions that are executed in response to events. This means that users only pay for the compute time they consume, making it a cost-effective solution for many applications. Popular platforms for serverless computing include AWS Lambda, Azure Functions, and Google Cloud Functions.