Putting Analytics on the Spot: Or How to Lower the Cost for Analytics
Elkhan Dadashov, Uğur Çetintemel, Tim Kraska · IEEE Internet Computing · 2014
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.