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Freemium is a revenue model that works by offering a product or service free of charge (typically digital offerings such as software) while charging a premium for advanced features, functionality, or related products and services. The word "freemium" is a portmanteau combining the two aspects of the business model: "free" and "premium".
Google Cloud Platform (GCP) is a suite of cloud computing services offered by Google that provides a series of modular cloud services including computing, data storage, data analytics, and machine learning, alongside a set of management tools. [5]
The business model canvas is a strategic management template used for developing new business models and documenting existing ones. [2] [3] It offers a visual chart with elements describing a firm's or product's value proposition, [4] infrastructure, customers, and finances, [1] assisting businesses to align their activities by illustrating potential trade-offs.
The four classes, Multi-Regional Storage, Regional Storage, Nearline Storage, and Coldline Storage, differ in their pricing, minimum storage durations, and availability. [5] Interoperability - Google Cloud Storage is interoperable with other cloud storage tools and libraries that work with services such as Amazon S3 and Eucalyptus Systems. [6]
The key differences are in the pricing plans, storage space and number of features. As noted by TechRepublic in 2013, pricing plans differ in that "Google Apps has a quick and easy pricing plan for their standard Google Apps for Business package: $5 per user per month or $50 per user per year ... In contrast, Office 365 has a multitude of plans ...
Price optimization utilizes data analysis to predict the behavior of potential buyers to different prices of a product or service. Depending on the type of methodology being implemented, the analysis may leverage survey data (e.g. such as in a conjoint pricing analysis [7]) or raw data (e.g. such as in a behavioral analysis leveraging 'big data' [8] [9]).