The public cloud, such as AWS, Microsoft Azure, and Google Cloud Platform (GCP), provides a great deal of cost optimization with the pay-as-you-go model. The public cloud cost model allows customers to trade capital expenses for variable expenses, paying for IT resources as they consume them. Operational expenses are usually lower due to economies of scale. It could be cost-effective to be in the cloud and get the benefit of continued price reductions that occur over time. The other advantage is that you get additional tools and functionality out of the box with a cloud provider such as AWS, which helps you to achieve better agility.
You need a different mindset when defining the cloud cost structure model as it is pretty different from traditional cost, most of which most enterprises have been following for decades. In the cloud, you have all the infrastructure available at your fingertips, which requires greater control and regulation. Clouds provide...
