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Yes! Thanks to the incredible performance of KVM technology, OpenStack, and Ceph. Where a traditional VPS would rely on a half-dozen or more RAID drives locally (all SSD), it doesn't handle as many IOPS as the massively parallel handling of Ceph distributed storage. While 6 RAID SSD drives can be very, very fast, when it comes to larger numbers of accounts on a box - Ceph creates a gigantic pooled pipeline to assorted SSD's, perhaps hundreds, in order to make transfers at a blistering pace.
Cloud hosting provides significant capital and operational savings to organizations because they don't have to spend a lot on the initial upfront capital cost associated with owning and managing data centers. IT also has the ability to scale more efficiently, using and paying only for the resources they need. In addition, long-term data retention becomes a more simplified process, eliminating the costly management of disks and tape systems.
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