A and E
E: Business Agility: Deploying new features/ applications faster and reducing errors
Example: Launch of new products 75% faster.
https://aws.amazon.com/economics/
The economic advantages of the AWS Cloud include:
D. Simplified total cost of ownership (TCO) accounting - AWS provides a pay-as-you-go pricing model and eliminates the need for significant upfront capital expenditures. This can simplify TCO accounting as organizations only pay for the computing resources they consume.
E. Faster product launches - AWS enables faster development and deployment of applications, allowing businesses to bring products to market more quickly. This agility can lead to a competitive advantage and potentially increased revenue.
Therefore, the correct options are D and E. (Source: ChatGPT)
D. and E is the correct answer
Option A (Increased workforce productivity) could indirectly result from using AWS due to improved infrastructure and services, but it's not a direct economic advantage of the AWS Cloud. Option B (Decreased need to encrypt user data) and Option C (Manual compliance audits) are not typically considered economic advantages of using the AWS Cloud. Encryption and compliance audits are important security and compliance measures, but they don't directly relate to economic benefits.
The value of cloud extends beyond Total Cost of Ownership (TCO) reduction. AWS customers also see significant improvements in other areas, including staff productivity, operational resilience and business agility.
A: staff productivity
E: business agility
Correct : A,D,E
https://aws.amazon.com/economics/
Cost Savings (TCO) : 50%+ reduction in TCO.
Staff Productivity : Over 500 hours per year of server configuration time saved.
Business Agility : Launch of new products 75% faster.
TCO and Faster product launches. (A) is subjective. The user experience shouldn't change. The technical support staff responsibilities change somewhat. That doesn't make them more efficient.
D. Simplified total cost of ownership (TCO) accounting: The AWS Cloud offers a pay-as-you-go pricing model, where users only pay for the resources they consume. This eliminates the need for large upfront capital investments and allows for more accurate and predictable cost management.
E. Faster product launches: The AWS Cloud provides a wide range of pre-configured services and resources that can be quickly provisioned and scaled as needed. This allows companies to accelerate their product development and deployment cycles, leading to faster time-to-market and potential cost savings.
The best answers for the economic advantages of the AWS Cloud are:
A. Increased workforce productivity: The scalability and accessibility of the cloud allow teams to provision resources quickly, leading to increased productivity and efficiency in their work.
E. Faster product launches: With AWS Cloud's capabilities, organizations can accelerate product launches by leveraging scalable resources, automation, and various services offered by AWS.
TCO reduction is one of the biggest reason for going cloud
I am kind of torn between Productivity and Launch feature faster since both make sense and referred in https://aws.amazon.com/economics/
After reading the answers again, I noticed that TCO one is not about the reduction of TCO, instead it's about the accounting, which makes no sense. The answer should be AE.
The two economic advantages of the AWS Cloud are:
D. Simplified total cost of ownership (TCO) accounting
E. Faster product launches
Simplified total cost of ownership (TCO) accounting is an economic advantage of the AWS Cloud because AWS offers pay-as-you-go pricing, which allows customers to pay only for the resources they use and avoid upfront capital expenditures. This can simplify TCO accounting by providing more predictable and manageable costs.
Faster product launches are another economic advantage of the AWS Cloud because AWS offers a range of services that enable customers to quickly deploy, scale, and manage their applications. This can help businesses accelerate time-to-market for new products and services, which can lead to increased revenue and a competitive advantage in the marketplace.
AWS does nothing directly to increase workforce productivity. That said, workforce productivity COULD be a result of a well-architected application framework, just not a focus.
the argument against D could be valid; however, it it is, again, well-architected, serverless tools and services along with PAYG and auto-scaling are all benefits you CANNOT achieve designing in a private data-center. D&E are the AWS expected answers.
Simplified total cost of ownership (TCO) accounting (D): AWS's pay-as-you-go pricing model, cost visibility tools, and pricing options such as reserved instances and savings plans can help organizations optimize costs, avoid upfront expenses, and simplify TCO accounting.
Increased workforce productivity (A): By leveraging the various services and features offered by AWS, organizations can automate tasks, streamline processes, and improve overall productivity of their workforce.
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