Meaning
Services are tracked with usage metrics to enable multiple payment models and support different pricing plans and models. Payment is based on usage and type of service (e.g., applications, processing, bandwidth, active user accounts and storage), not on the cost of the underlying hardware. Cloud systems automatically monitor, control and optimize resource use, providing transparency for both the provider and consumer of the service.
FINANCIAL EFFICIENCY
Business Value
Financial Efficiency empowers the consumer to realize capital or operational expenditures in a variable cost format instead of as a sunk cost. Utilization of resources improves, and costs rise and fall proportionate to use. Consumers purchase only what they consume. source
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