Cloud is now faster, cheaper, and better?

“If we look at the evolution of computing over the past 30 or so years, it has always been about monumental shifts in technology, which drive further and further innovation, efficiencies and – seemingly – cost reduction. From the first days of client/server, to the introduction of the Internet, to the rise of VMware & hypervisors, and now the cloud, technology suppliers have been fast and furious with bringing to market an array of capabilities that promise to make everything faster, cheaper, and better.” Source: https://www.virtana.com/blog/cloud-costs-money-saver-or-money-pit

Have you seen the shift to “faster, cheaper, and better” within cloud in your organization? As mentioned in this blog, this is advertised a lot but have others truly seen this become a reality? If so, how?