The document explores the concept of serverless computing, highlighting its components such as Backend as a Service (BaaS) and Functions as a Service (FaaS), which eliminate the need for server management and focus on delivering business value. It discusses the advantages of serverless architectures, including cost savings and flexibility, as well as limitations such as state management complexities and increased debugging complexity. The presentation also introduces specific technologies like Knative for deploying applications in a serverless manner and the use of GraalVM for creating lightweight native executables with Spring applications.