Title
EC2BargainHunter: It's Easy to Hunt for Cost Savings on Amazon EC2!
Abstract
Return on investment is a critical decision factor for end-users going for cloud deployments. However, major cloud vendors typically provide a myriad of interdependent cloud service options in a variety of purchasing models, that severely complicates cost estimation and optimization. In this paper, we propose a novel Amazon EC2 cost optimization system, called EC2Bargain Hunter, that innovatively combines services and cloud computing principles with ideas from semantic technologies. The system supports the entire-range of EC2 instance types, and can be used in real-time to perform live cost optimization. We demonstrate that unprecedented cost savings, by a factor of 30, on Amazon EC2 offerings can be found with this system in a few clicks. Furthermore, our approach can be adapted to other IaaS providers, which enables truly real-life cloud cost optimization and thus is a significant step towards making the cloud really cost-effective for the end-users.
Year
DOI
Venue
2013
10.1109/SERVICES.2013.52
SERVICES
Keywords
Field
DocType
cloud deployment,real-life cloud cost optimization,major cloud vendor,interdependent cloud service option,cost estimation,ec2 cost optimization system,amazon ec2 offering,cost savings,cloud computing principle,unprecedented cost saving,live cost optimization,cloud computing,investment,costing
Semantic technology,Return on investment,Computer science,Cost estimate,Cloud computing security,Purchasing,Activity-based costing,Database,Cloud testing,Cloud computing
Conference
Citations 
PageRank 
References 
1
0.36
9
Authors
8
Name
Order
Citations
PageRank
K Rajaraman138031.94
Le Duy Ngan215010.76
Yuzhang Feng3577.23
Anitha Veeramani4715.69
Joel Koo Chong En510.36
Chan Chee Keong681.29
Flora S. Tsai735223.96
Artur Andrzejak810.36