Benefits of Cloud Computing
Cloud computing technology offers various benefits to both cloud service consumers and cloud service providers.
Pay as per use On demand access to pay-as-you-go computing resources on a short-term basis and
ability to release these computing resources when they are no longer needed.
Reduced investment and proportional costs The product wholesaler purchases goods in bulk at a low price. Public cloud providers base their business model on the mass acquisition of IT resources that are then made available to cloud consumers via attractive prices. This opens the door for organizations to gain access to powerful infrastructure without having to purchase it themselves.
The investment in cloud-based IT resources is in the reduction or outright elimination of up-front IT investments, namely hardware and software purchases, and ownership costs. The cloud measures operational expenditures (directly related to business performance) to replace anticipated capital expenditures. This is also referred to as proportional costs. The same rationale applies to operating systems, middleware or platform software, and application software.
Accessibility from anywhere Resources can be accessed from anywhere, irrespective of location and device. This feature facilitates business continuity around the clock.
Increased scalability The business load can be handled with scalability of the respective resources without much effort, time, and cost.
Increased availability and reliability Resources provided as services are available all the time. Even if there is a failure in any of the components of a service, the provider immediately identifies, isolates, and replaces the failed components without any performance degradations.
Dynamic provisioning It is the perception of having unlimited computing resources that are available on demand, thereby reducing the need to prepare for provisioning.
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