COMPUTER SCIENCE AND ENGINEERING
CLOUD COMPUTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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You need to pay everything upfront
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No need to pay, until you use it
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Use and pay sometime later
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After use some functions in cloud, you need to pay immediately
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Detailed explanation-1: -What is Pay As You Go Pricing Model? The pay-as-you-go (PAYG) pricing model means that users pay based on how much they consume. For example, a cloud storage service provider could charge based on the amount of storage used, while many phone carriers bill based on minutes used.
Detailed explanation-2: -Pay-as-you-go payment model. This is the most common form of PAYG model where users pay only for the resources that are actually provisioned and operational. For example, if a cloud user provisions a VM instance, users will pay for that VM each month for the duration of that allocation.
Detailed explanation-3: -Pay-as-You-Go is not Pay-Per-Use, the model used by electric utilities and web services companies that provisions a service for each use. The main difference: pay-as-you-go transfers ownership to the customer over time, or becomes permanently unlocked.
Detailed explanation-4: -Explanation: The cloud users use these services pay-as-you-go model. The cloud users develop their product using these services and deliver the product to the end users.