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Under the serverless cloud computing model, majority of the server operations are handled by the service providers, thus allowing users to concentrate on developing applications of their own. Let's look at a few ways how serverless computing is reshaping the business world.
FREMONT, CA: Serverless computing is the new buzzword in the technological arena and is rapidly gaining momentum. Be it a simple content management system (CMS) or complex industrial control systems (ICS), cloud computing is making an ever-lasting impact on all segments, across various industries. The recent State of the Cloud Report by RightScale stated that around 94 percent respondents use the cloud, with 91 percent adopting the public cloud and 72 percent utilizing the private cloud. Not only this, but the expenditure done on the cloud has also significantly risen, with 13 percent of enterprises spending around $12 million a year and 50 percent spending more than $1.2 million, annually.
Under the serverless cloud computing model, most of the server operations are handled by the service providers, thus allowing users to concentrate on developing applications of their own. The first serverless cloud computing model was introduced in 2014 by Amazon Web Services. Since then, the model has been continuously innovating and offering cutting-edge features, thus setting the latest industry trends. Let's look at a few ways how serverless computing is changing the business world.
Cut-down Expenses
The low cost of owning serverless computing is making it everyone's favorite. Though hiring a cloud migration service provider may cost to the pocket initially, the long-term savings are well worth it. The serverless solution providers now have the option to charge on a pay-per-use basis, which brings down the Total Cost of Ownership (TCO) drastically as compared to Virtual Machines (VMs). Hence these providers are preferred widely as they lower the cost of building, running, and maintaining software systems.
Saves Time
The serverless cloud-based applications now provide microservices that help build applications easily and quickly. It is slowly replacing conventional monolith architecture. Among these microservices, each application is designed and functions as a set of services. Application Programming Interface (API) establishes the communication between each service, thus making it faster than ever before.
Emphasizes on Critical Tasks
With serverless computing, businesses can focus on the codes rather than on servers as in conventional monolithic computing. It saves a lot of time and resources, which would otherwise have been wasted on maintaining and troubleshooting IT infrastructure system. The engineers and developers can focus on making the products better, increasing sales, and exploring new business verticals.
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