Explain the term Resource Provisioning in context of cloud computing. Also, explain the various approaches used for Resource Provisioning. Discuss the problems of Over-provisioning and Under provisioning.

Resource provisioning in the realm of cloud computing refers to the allocation and management of computing resources such as processing power, storage, and network bandwidth to meet the dynamic demands of applications and services running in the cloud environment. It involves the efficient utilization of available resources to ensure optimal performance, scalability, and cost-effectiveness.

There are several approaches used for resource provisioning in cloud computing, each tailored to specific requirements and constraints:

1. Manual Provisioning: In this traditional approach, system administrators manually allocate resources based on anticipated workloads and requirements. While simple and straightforward, manual provisioning lacks agility and may lead to underutilization or overutilization of resources, resulting in inefficient resource allocation and increased operational costs.

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