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

TL;DR

This paper envisions a market-oriented approach to cloud computing, discussing architectures, resource management strategies, and platforms that aim to realize computing utilities through innovative technologies and inter-cloud integration.

Contribution

It introduces a comprehensive architecture for market-oriented Clouds, combining resource management, platform development, and interconnection strategies to advance cloud utility delivery.

Findings

Proposes a market-based resource management framework.

Describes industry-developed cloud platforms.

Highlights the potential of interconnecting Clouds for atmospheric computing.

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.