The cloud has long been touted as a way for enterprises to save money, whether it’s through reduced on-premises servers and storage systems, decreased software licensing, less need for equipment maintenance, or fewer requirements for in-house expertise.
But do cloud services actually result in cost savings? The quick answer is, it depends. A number of factors come into play, including the types of cloud services a company uses and from which providers, how well the services are managed by the customer, the terms of the contract, the level of existing IT efficiencies within the organization, and more.
When discussing the benefits of the cloud, it’s important to keep in mind that it’s not just about cost savings. There are non-monetary reasons to adopt a cloud service, such as increased agility, faster time to market, and lack of in-house resources.