Identification and Empirical Analysis of Amazon EC 2 Spot Instance Features for Cost-Effective Tenant Procurement

Many cost-conscious public cloud workloads (“tenants”) are turning to Amazon EC2’s spot instances because, on average, these instances offer significantly lower prices (up to 10 times lower) than ondemand and reserved instances of comparable advertized resource capacities. To use spot instances effectively, a tenant must carefully weigh the lower costs of… CONTINUE READING