Cloud computing allows computer system resources to be available on demand. This is done without the user having to actively manage the resources. It is estimated that 95% of data centers would be replaced with cloud computing by 2021.
Compared to data centers, cloud computing allows for triple workload to be handled. Both computer hardware and software can be very costly to companies. On average, a company spends close to $74,000 on software and hardware. The rise of cloud computing greatly reduces, and in some cases eliminates, these costs for the company.
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