Justify the following statement: "Storage of data is cost-effective and time saving in cloud computing."
Storage of data in cloud computing is cost-effective because cloud service providers charge on a pay per use basis, similar to how we pay for electricity. Users can avail need-based resources at a very reasonable cost without making a huge investment upfront for purchasing storage infrastructure.
It is time saving because users can access storage instantly as an on-demand service without worrying about installation or configuration of storage systems. Data becomes accessible from anywhere using any device connected to the Internet, eliminating the time spent on setting up and maintaining personal storage hardware.
Explanation
The textbook context clearly states that cloud computing offers 'cost-effective, on-demand resources' where users can avail 'need-based resources from the cloud at a very reasonable cost.' The pay-per-use model is explicitly compared to electricity billing. For time-saving, the context mentions that users need not be concerned about 'installation or configuration' and can access services from anywhere using any device. The elimination of 'huge investment upfront' justifies the cost-effectiveness claim.
Solution Steps
Step 1: Identify cost-effectiveness from context - pay per use basis, no upfront investment, need-based resources at reasonable cost
Step 2: Identify time-saving aspects from context - on-demand access, no installation/configuration required, accessible from anywhere
Step 3: Combine both justifications in a structured 2-paragraph answer with key terms highlighted