Question

What are the economic advantages of the cloud?
Hardware

Pay as you go

People

All of the options

Time to market

Answer 1

Lower Maintenance Costs – Because cloud computing uses less physical resources, there is less hardware to power and maintain. With an outsourced cloud, you don't need to keep server, storage, network, and virtualization experts on staff full time

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Answer 2

'All of the options' are correct.

Explanation:

• The economic benefits of the cloud include all the given characteristics i.e. pay as you go, assist people, and makes the market easier and quicker to access.
• It makes the monthly payment easier to pay and thus, the amount remains low and thus, it also assists people in saving their money as the cloud service providers incur lower hardware and operating cost.
• It avails time to market due to enhanced agility and makes the new products, as well as, services quickly.

Learn more: Economic Advantages of cloud

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