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 resource allocation, scaling, and maintenance. This approach can lead to faster development cycles and reduced operational costs. In a serverless architecture, applications are typically broken down into smaller functions that are executed in response to events, such as user requests or data changes. This means that users only pay for the compute time they consume, making it a cost-effective solution for many businesses.