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Market-Oriented Cloud Computing: Vision, Hype, and Reality for Delivering IT Services as Computing Utilities

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TLDR
The need for convergence of competing IT paradigms for delivering the 21st century vision of computing is concluded.
Abstract
This keynote paper: presents a 21st century vision of computing; identifies various computing paradigms promising to deliver the vision of computing utilities; defines Cloud computing and provides the architecture for creating market-oriented Clouds by leveraging technologies such as VMs; provides thoughts on market-based resource management strategies that encompass both customer-driven service management and computational risk management to sustain SLA-oriented resource allocation; presents some representative Cloud platforms especially those developed in industries along with our current work towards realising market-oriented resource allocation of Clouds by leveraging the 3rd generation Aneka enterprise Grid technology; reveals our early thoughts on interconnecting Clouds for dynamically creating an atmospheric computing environment along with pointers to future community research; and concludes with the need for convergence of competing IT paradigms for delivering our 21st century vision.

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Citations
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Journal ArticleDOI

Cloud computing and emerging IT platforms: Vision, hype, and reality for delivering computing as the 5th utility

TL;DR: This paper defines Cloud computing and provides the architecture for creating Clouds with market-oriented resource allocation by leveraging technologies such as Virtual Machines (VMs), and provides insights on market-based resource management strategies that encompass both customer-driven service management and computational risk management to sustain Service Level Agreement (SLA) oriented resource allocation.
Journal ArticleDOI

A break in the clouds: towards a cloud definition

TL;DR: The concept of Cloud Computing is discussed to achieve a complete definition of what a Cloud is, using the main characteristics typically associated with this paradigm in the literature.
Journal ArticleDOI

Cloud computing - The business perspective

TL;DR: The strengths, weaknesses, opportunities and threats for the cloud computing industry are identified and some of the key issues facing governmental agencies who will have to become intimately involved in the regulation of cloud computing are outlined.
Posted Content

Modeling and Simulation of Scalable Cloud Computing Environments and the CloudSim Toolkit: Challenges and Opportunities

TL;DR: This paper proposes CloudSim: an extensible simulation toolkit that enables modelling and simulation of Cloud computing environments and allows simulation of multiple Data Centers to enable a study on federation and associated policies for migration of VMs for reliability and automatic scaling of applications.
Journal ArticleDOI

Cloud computing for education: A new dawn?

TL;DR: It is argued in this article that cloud computing is likely to be one of those opportunities sought by the cash-strapped educational establishments in these difficult times and could prove to be of immense benefit (and empowering in some situations) to them due to its flexibility and pay-as-you-go cost structure.
References
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Journal ArticleDOI

Computing in the clouds

Aaron Weiss
TL;DR: This research presents a meta-service architecture that automates the very labor-intensive and therefore time-heavy and therefore expensive and expensive process of developing and deploying new types of services and applications.
Journal ArticleDOI

The Grid Economy

TL;DR: An extensive, service-oriented Grid architecture driven by Grid economy and an approach for its realization by leveraging various existing Grid technologies are presented and commodity and auction models for resource allocation are presented.
Journal ArticleDOI

Virtual workspaces: Achieving quality of service and quality of life in the Grid

TL;DR: While Grids offer users access to many diverse and powerful resources, they do little to ensure that once a resource is accessed, it fulfills user expectations for on-demand allocation.
Journal ArticleDOI

SHARP: an architecture for secure resource peering

TL;DR: The results demonstrate the power and practicality of the architecture, the effectiveness of oversubscription for protecting resource availability in the presence of failures, and the use with a decentralized barter economy for global PlanetLab resources.
Journal ArticleDOI

Tycoon: An implementation of a distributed, market-based resource allocation system

TL;DR: Tycoon as discussed by the authors is a market based distributed resource allocation system based on proportional share, which allows users to differentiate the values of their jobs, its resource acquisition latency is limited only by communication delays, and it imposes no manual bidding overhead on users.
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