• DocumentCode
    48443
  • 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
  • Volume
    18
  • Issue
    5
  • fYear
    2014
  • fDate
    Sept.-Oct. 2014
  • Firstpage
    70
  • Lastpage
    73
  • 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;
  • fLanguage
    English
  • Journal_Title
    Internet Computing, IEEE
  • Publisher
    ieee
  • ISSN
    1089-7801
  • Type

    jour

  • DOI
    10.1109/MIC.2014.94
  • Filename
    6886130
    • Link To Document
    https://search.isc.ac/dl/search/defaultta.aspx?DTC=49&DC=48443