> Reduction in variable capital costs required to meet peak demand. If I understand your point correctly it is the opposite - cloud not only lets you trade cap

> Reduction in variable capital costs required to meet peak demand. If I understand your point correctly it is the opposite - cloud not only lets you trade capex for opex, but also allows for opex variance. Yes, clouds do let you scale up and down (if the application is designed to do that) easily, however how many businesses do really have high load and geography variability? That is the core point behind cloud vs on-prem: capex vs opex and opex variance.