Question

Describe the most recent trend in saving money on IT servers and computing resources.

Answer 1

The most recent trend in saving money on IT servers and computing resources is the introduction of cloud in the market.

the main advantages of using the cloud are :

1. The back-end of the application (especially hardware) is completely managed by a cloud vendor.So indirectly, the overall cost of maintaining a server cost is effectively reduced. The lambda function in AWS service is reduced effectively.
2. A user only pays for services used (memory, processing time and bandwidth, etc.).The user does not pay for the unused services, but only for the services being used.
3. Services are scalable. ec2 is the best example. Without bringing any change in hardware and software, we can scale ec2 to as per our requirement.
4. Cloud computing allows mobile access to corporate data via smartphones and devices, which, considering over 2.6 billion smartphones are being used globally today, is a great way to ensure that no one is ever left out of the loop.

The ROI is very high in case of shifting to cloud services

It works on the principle of pay-as-you-go which is the reason behind being so cheap.

The pay-as-you-go system also applies to the data storage space needed to service your stakeholders and clients, which means that you'll get exactly as much space as you need, and not be charged for any space that you don't. Taken together, these factors result in lower costs and higher returns. Half of all CIOs and IT leaders surveyed by Bitglass reported cost savings in 2015 as a result of using cloud-based applications.