With the advent of big data and analytics, the usage of the cloud is inevitable and for any business to migrate to the cloud is an even bigger accomplishment. The data in an on-premise solution might lack the best infrastructure available in the market, and even if it consists of the infrastructure, it might have to trade-off on the cost.
But with hosting the data on the cloud, one would get both the infrastructure within the optimized cost. One can also take advantage of having excellent elasticity in performing other tasks, reduce redundancy and improve flexibility, and last but not least, have a pay-as-you-use costing model as one uses the cloud migration services to migrate.