Why is virtualization perceived as the holy grail of IT?

Verbania executives have heard that virtualization is the “holy

Virtualization is perceived as the holy grail of IT because it allows businesses to drastically reduce the costs of IT infrastructure by consolidating physical hardware and virtualizing applications, meaning they can host multiple applications on a single server. This eliminates several resources that would have been needed to operate each application independently, such as additional servers, storage space, power supplies, networking components and more.

Additionally, virtualization enables faster disaster recovery time and improved scalability for applications due to its ability to migrate software snapshots from one physical host machine to another with ease. It also provides greater flexibility for organizations looking to transition their existing legacy workloads into modern cloud-based systems or create new hybrid environments combining data center infrastructure with public cloud services.

Lastly, automated provisioning tools allow developers and administrators an easy way to deploy virtual machines within minutes without manual intervention or downtime.