A financial institution is evaluating the potential cost benefits of moving their data analytics workloads from an on-premises solution to the AWS Cloud. With fluctuating data processing requirements throughout the fiscal year, what cost-related advantage does AWS Cloud offer that would be more challenging with their current on-premises setup?
By using reusable templates for resource provisioning, they can significantly lower their IT expenses.
Traditional software licensing provides the financial institution with the benefits of lower long-term costs due to up-front bulk purchasing.
The company can leverage a pricing model based on usage, which reduces costs during periods of decreased demand for data processing.
A commitment to purchase a fixed amount of computing capacity upfront guarantees a reduction in variable costs.