The Economics of the Cloud: Cost-Effective Solutions for Businesses

EasyChair Preprint 12180

Abstract

The economics of the cloud represent a transformative paradigm in business operations, offering cost-effective solutions that revolutionize traditional models. Cloud computing enables businesses to leverage scalable infrastructure and services on demand, minimizing capital expenditure and reducing operational overheads. By shifting from capital-intensive investments to a pay-as-you-go model, businesses can optimize resource allocation, enhance flexibility, and streamline operations. Additionally, the cloud facilitates innovation and agility, empowering organizations to swiftly adapt to evolving market dynamics. Through economies of scale and shared resources, cloud solutions offer unparalleled efficiency, enabling businesses to focus resources on core competencies and strategic initiatives. In essence, the economics of the cloud herald a new era of competitiveness and sustainability for businesses of all sizes, driving growth and fostering innovation in an increasingly digital world.

Keyphrases: Cloud Computing, IT infrastructure, cost-effectiveness

@booklet{EasyChair:12180,
  author    = {Hammad Ali and James Henry},
  title     = {The Economics of the Cloud: Cost-Effective Solutions for Businesses},
  howpublished = {EasyChair Preprint 12180},
  year      = {EasyChair, 2024}}