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How multi-tenant systems can help you in Enterprise IT

What is a multi-tenant system? According to wikipedia, " Multitenancy refers to a principle in software architecture where a single instance of the software runs on a server, serving multiple client organizations (tenants)". Which means that a single software instance runs on a single server can be shared between multiple client organizations or tenants. This is somewhat different Virtual software systems in which each organization gets a piece of their own (virtual) software (or hardware) resources. This concept is really helpful in cloud computing architecture where we use the common resources by different clients. How multi-tenancy can save your Enterprise IT? In a multitenancy environment, multiple customers share the same application, running on the same operating system, on the same hardware, with the same data-storage mechanism. Multitenancy allows for cost savings over and above the basic economies of scale achievable from consolidating IT resources ...