What is Pay As You Go (PAYG)?

What does PAYG stand for?

Pay As You Go (PAYG) is a Utility Computing billing approach that is applied in Cloud Computing and geared towards agencies and cease customers. A PAYG person is billed for procured, in preference to real, Computing resources. The PAYG mechanism is derived from application computing.

PAYG is also called Pay & Go, Pay Per Usage, Pay Per Use or Pay-As-You-Use.

What Does Pay As You Go Mean?

PAYG allows a consumer to scale, customize and provision computing resources, including Software Program, Storage and improvement Platforms. Resource Charges are based totally on used services, versus an entire infrastructure.

Public Cloud assets approach and follow the PAYG version in another way. For Instance, a consumer provisioning a devoted Cloud Server is typically billed in keePing with Server electricity and usage and on a routine basis. Software as a Service (SaaS) works in addition, where a user rentals Software program and customized features. Storage as a Service (SaaS) billing rotates on a frequent foundation because storage necessities boom are commonly subject to progressively expanded pricing.