What Is Pay-As-You-Go Cloud Computing (PAYG Cloud Computing)?
Search Storage, Friday, December 13th, 2024
Pay-as-you-go cloud computing, or PAYG cloud computing, is a payment method for cloud computing that charges based on usage. The practice is similar to that of utility bills, using only resources that are needed.
One major benefit of the pay-as-you-go model, which is a form of consumption-based or usage-based pricing, is that there are no wasted resources. Users only pay for what they use, such as the amount of bandwidth consumed, rather than a certain amount of resources that might or might not be used. With traditional enterprise design, users architect data storage to handle the maximum workload. But with the public cloud, the pay-as-you-go method charges the organization only for what it stores, provisions or uses.