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Question 1Which characteristic of cloud computing enables cost savings by serving multiple consumers?1 pointResource poolingOn-demand self-servicePublic cloud modelsBroad network access

Question

Question 1Which characteristic of cloud computing enables cost savings by serving multiple consumers?1 pointResource poolingOn-demand self-servicePublic cloud modelsBroad network access

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Solution

The characteristic of cloud computing that enables cost savings by serving multiple consumers is Resource pooling.

Here's why:

  1. Resource pooling in cloud computing refers to the provider's capability to serve multiple consumers using a multi-tenant model.

  2. In this model, different physical and virtual resources are dynamically assigned and reassigned according to consumer demand.

  3. The customer generally has no control or knowledge over the exact location of the provided resources but may be able to specify location at a higher level of abstraction (e.g., country, state, or datacenter).

  4. This allows for cost savings as resources are shared among a pool of users, with different physical and virtual resources dynamically assigned and reassigned according to consumer demand.

  5. Therefore, the cost of these resources is spread out over the users, allowing for more economical use of shared resources.

  6. This is different from the other options like On-demand self-service, Public cloud models, and Broad network access which are also characteristics of cloud computing but do not directly contribute to cost savings by serving multiple consumers.

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