This is a dedicated watch page for a single video.
In the context of cloud service delivery models, your organization is exploring options to optimize operational costs associated with cloud resource consumption. As a financial analyst specializing in cloud services, you are tasked with selecting a billing model that aligns with the organization's goal of paying only for the resources that are actually used, rather than a flat fee or capacity-based pricing. Which term accurately describes the billing model that charges customers based on their consumption of cloud resources, and why is this model advantageous for organizations seeking to manage their cloud expenditures effectively?