The Evolution of Software Economics: From Traditional Models to Cloud Computing

  Introduction Software economics plays a crucial role in project management, influencing cost structures, resource allocation, and scalability. As businesses increasingly rely on digital tools to streamline operations, understanding the evolution from traditional software models to cloud computing becomes essential. This transformation has reshaped how organizations develop, deploy, and manage software projects, directly impacting efficiency, innovation, and competitiveness. The software industry has seen a fundamental shift from the early days of expensive, locally hosted solutions to the modern, cloud-based models that enable seamless scalability and cost efficiency. This evolution has not only affected businesses but has also changed consumer expectations regarding accessibility, performance, and flexibility. By examining this transformation in detail, we can better understand the underlying principles driving software economics today and their implications for project manageme...