Optimization of Cost: Storage over Cloud Versus on Premises Storage

In today’s world of digitalization the most important object is data. There are numerous techniques available for retrieval of the data. To store this data over a large period of time various data hardware (DHW) are used. As the data is increasing day by day the more cost is incurred in storing the data. Data proliferation is the term used to refer the large amount of data that is created by government and nongovernment institutions either in structured or unstructured format. To minimize the maintenance cost generated by data proliferation IaaS as cloud computing service can be implemented. IaaS can be considered as virtualized service, which can be used to provide ‘as a service’ to the users via cloud vendors. It provides the access of database resources on demand. One can ‘pay-as-per-use’ of resource from the pool of resources and these resources can be virtualized in cloud based environment. To access the virtualized resources there are various approaches used. Private cloud approach is commonly used to maintain the integrity of the data.