Cloud Economics
Formal
Cloud economics is a branch of knowledge concerned with the principles, costs, and benefits of cloud computing. As CIOs are challenged to deliver IT services with the greatest value for the business, they must determine precisely how cloud services will affect an IT budget and staffing needs.
Practical
Cloud economics is a branch of knowledge concerned with the principles, costs and benefits of cloud computing. Because CIOs are constantly challenged to deliver IT services with the greatest value for the business, they must determine specifically how cloud services will affect an IT budget and staffing needs. In assessing cloud economics, CIOs and IT leaders weigh the costs pertaining to infrastructure, management, research and development (R&D), security and support to determine if moving to the cloud makes sense given their organization's specific circumstances.
