Title :
Putting Analytics on the Spot: Or How to Lower the Cost for Analytics
Author :
Dadashov, Elkhan ; Cetintemel, U. ; Kraska, T.
Author_Institution :
Comput. Sci. Dept., Brown Univ., Providence, RI, USA
Abstract :
In contrast to the prevalent cloud services that use fixed-rate pricing models, Amazon´s Spot Instance Market uses bidding-driven, dynamic pricing, allowing for remarkable savings in overall computing costs when used judiciously. The authors describe the salient opportunities and challenges of the spot market for data-intensive analytics and devise cost reduction strategies for popular classes of analytics systems operating on it.
Keywords :
Web services; cloud computing; cost reduction; data analysis; pricing; retail data processing; Amazon spot instance market; analytics systems; bidding-driven pricing; cloud services; cost-reduction strategies; data-intensive analytics; dynamic pricing; fixed-rate pricing models; Big data; Cloud computing; Computational modeling; Costs; Database systems; Linux; Pricing; analytics; big data; spot market;
Journal_Title :
Internet Computing, IEEE
DOI :
10.1109/MIC.2014.94
