Companies that migrate workloads to cloud service providers (CSPs) expect to enjoy multiple benefits. The major advantages of cloud computing are flexibility, scalability, access to advanced technology, and a reduction of capital hardware expenditures. Organizations use these benefits to address business objectives and remain competitive with their rivals.

One of the reasons that many organizations are attracted to cloud computing solutions is the promise of cost savings. But simply shifting an on-premises computing environment to a public cloud provider may not achieve the desired economic benefits. A move that was intended to save money can end up being more expensive if not done carefully.