What is it?
as : the function grows without bound near a point, as near 0. The graph has a vertical asymptote there.
Formulas
Where it shows up in computing
IEEE 754 has :
1.0/0.0isinf, a finite stand-in for an infinite limit.
Where is it used?
Computing topics reachable from here, through the chain of ideas that leads to them:
This page has the essentials. A fuller treatment (intuition, formal definition, worked example) is on the way.