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Is Cloud Computing Less Expensive Than On-Premises Computing?

In recent years, businesses have been increasingly shifting towards cloud computing, driven by the promise of flexibility, scalability, and reduced costs. However, many organizations still rely on on-premises computing, where they own and maintain their own IT infrastructure. The question arises: Is cloud computing less expensive than on-premises computing? The answer to this question is not one-size-fits-all, as it depends on various factors like the size of the business, the nature of its workloads, and its long-term IT strategy. This article explores the differences between cloud and on-premises computing, examines the cost factors involved, and helps you determine which option might be more cost-effective for your organization.