BYOL stands for Bring Your Own License, which is a cloud service model that allows customers to use their existing software licenses when migrating to the cloud. BYOL can help customers to reduce costs, avoid vendor lock-in, and leverage their existing investments in software. BYOL is the most cost-effective option when moving to the cloud for a company that has a perpetual license for a database application, as it does not require paying additional fees for the cloud provider's license or subscription. However, BYOL may have some limitations, such as compatibility, compliance, or support issues, depending on the cloud provider and the software vendor. Therefore, customers should carefully review the terms and conditions of their licenses and the cloud provider's policies before choosing BYOL. Reference: CompTIA Cloud Essentials+ Certification Exam Objectives1, CompTIA Cloud Essentials+ Study Guide, Chapter 2: Business Principles of Cloud Environments2, What is BYOL (Bring Your Own License)?3