What do we mean by the economics of hybrid cloud?
So, what is cloud economics? It is the study of cloud computing that estimates the cost of running an application on the cloud. This is particularly tricky when it comes to hybrid clouds. Organizations can have parts of the application or the entire application running on public clouds, depending on the use case. We have to take into consideration the return on investment (ROI) as well as the total cost of ownership (TCO).
Business case
The first step in tackling the challenge of the economics of hybrid cloud is to clearly understand the business case that is driving the need. This is followed by the planning phase, evaluating the impact, and finally, budgeting to execute the plan against the business case. We will explore a few business drivers for the hybrid cloud:
- Evaluate the resource requirements of the application that address the business need. Next-generation workloads, which are focused on intense analytics and...
