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A medium-sized enterprise is planning to migrate its IT infrastructure to the cloud to leverage the benefits of cloud computing. The company is particularly interested in reducing its capital expenditure (CapEx) and improving its operational efficiency through scalable solutions. The IT team is evaluating Microsoft Azure as their cloud service provider. The enterprise has a fluctuating workload, with significant peaks during the end of the financial year. They are also concerned about compliance with industry standards and the ability to quickly adapt to changing business needs. Considering these factors, which of the following statements best describes the advantages of using Microsoft Azure over traditional on-premises computing in terms of cost efficiency, scalability, and compliance? (Choose one)