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Although public cloud is scalable and convenient, it certainly isn’t the most cost-effective. On the other hand, private cloud can be cheaper if run effectively but making efficiency gains while retaining scalability and agility is challenging.
A hybrid cloud can secure predictable inexpensive capacity as a baseline for most day-to-day requirements while being able to consume on demand public cloud when required.
Read this data sheet from 451 Research to learn about the economic case for hybrid cloud including key business impacts a heat map comparison of public vs. private cloud.