For us techies yes, but to the regular folks that is just as good as our usual technical gobbledy-gook - most people don´t differentiate between a database and a hard-drive.
> access to computing power, storage, databases, and other IT resources
could be simplified to: access to computer servers
Most people who know little about computers can still imagine a giant mainframe they saw in a movie with a bunch of blinking lights. Not so different, visually, from a modern data center.