Cloud computing eliminates all economic risks for consumers by moving to a pay-as-you-go model.
Understand the Problem
This question is testing your understanding of the economic risks associated with cloud computing. It asks whether the pay-as-you-go model completely eliminates all economic risks for consumers.
Answer
False. Cloud computing reduces but doesn't eliminate all economic risks. Risks like unexpected costs and vendor lock-in can still occur.
The statement is not entirely true. Cloud computing's pay-as-you-go model reduces the need for upfront investments and costs associated with unused resources, but it doesn't eliminate all economic risks. Risks like unexpected usage spikes, data transfer costs, and the potential for vendor lock-in still exist.
Answer for screen readers
The statement is not entirely true. Cloud computing's pay-as-you-go model reduces the need for upfront investments and costs associated with unused resources, but it doesn't eliminate all economic risks. Risks like unexpected usage spikes, data transfer costs, and the potential for vendor lock-in still exist.
More Information
Cloud computing offers a very flexible and scalable approach to IT infrastructure, which helps in reducing the costs of computing.
Tips
It is a common mistake to assume that cloud computing eliminates all risks. While it significantly reduces many, it introduces new ones that need to be managed.
Sources
- Unlocking Economic Advantages of Cloud Computing - Trigyn - trigyn.com
- What Is Cloud Computing? | Microsoft Azure - azure.microsoft.com
- Advantages and Risks of Cloud Computing - internationalsecurityjournal.com
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