Serverless computing represents a significant shift in how applications are built and deployed. Instead of provisioning and managing servers, developers write and deploy code (functions) that are executed in response to events, with the cloud provider dynamically managing the underlying infrastructure. This model offers numerous benefits, including reduced operational costs, automatic scaling, and faster time-to-market. Developers can focus purely on writing code without worrying about server maintenance or capacity planning. However, serverless also presents challenges such as vendor lock-in, cold start latencies, and debugging complexities across distributed functions. Despite these, its advantages make it an increasingly popular choice for microservices, APIs, and event-driven applications.