Debunk 10 common public cloud myths

2. Cloud is always cheaper 
On the other end of the cost spectrum, there’s another misconception that cloud is always less expensive than on-premises deployments.

Some assume the cloud is always cheaper because of the lack of data center hardware and maintenance. This is similar to saying that renting a home is always cheaper than buying one. Sometimes, renting is less costly. But if the buyer plans to stay in the rented home a long time, owning is the better financial decision.

“A lot of people misunderstand cloud pricing. They assume that, because it’s new and really popular, it must be cheap,” said Mike Lloyd, CTO of RedSeal, a security risk scoring platform. Public cloud can be expensive when users buy a fixed amount of computing power for a long period of time. The cloud is best for users who are uncertain about what they will need in the long-term — just like renting a home.