By now, we all know that cloud computing eliminates the need to purchase, deploy, and maintain IT assets. The primary selling point of cloud services is that the cloud vendor takes on full infrastructure responsibility for running hosted applications.
Gartner Research underscores the total cost of ownership (TCO) advantages by estimating that the annual cost of owning and managing software applications can be as much as four times the cost of the initial purchase. All size businesses are moving away from the general mindset that these numbers are merely a cost of doing business. The new mantra entails the notion of slashing expenses and still improving the agility, competitive advantage, and profitability of an organization through the reduction of capital expenses (CAPEX).