computing refers to applications and services that run on a distributed network using virtualized resources.

The description you’ve provided matches the concept of cloud computing. Cloud computing refers to applications and services that run on a distributed network using virtualized resources. This means that software, platforms, and infrastructure are provided over the internet, allowing users to access and use them without having to manage the physical hardware. Cloud computing enables businesses and individuals to use applications and store data on servers owned and maintained by cloud service providers, rather than on their own personal computers or local servers.