Is Cloud Computing Really Cheaper?

Excerpt: Continuing my hunt for an answer, I posed the question to Joe Weinman, a well-regarded cloud computing thought leader and the author of the forthcoming book, Cloudonomics: The Business Value of Cloud Computing.  He believes that most people use simplistic models to evaluate the economics of the cloud. “The standard argument for the cloud is that large providers achieve large economies of scale, and thus will be cheaper than a ‘do-it-yourself’ approach to IT,” he says.  However, he argues, this is neither a necessary nor sufficient condition for cloud computing to be of value to companies.

Read more: http://www.forbes.com/sites/reuvencohen/2012/08/03/is-cloud-computing-really-cheaper/?ss=innovation-science

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