Market-Oriented Cloud Computing
Vision, Hype, and Reality for Delivering IT Services as Computing Utilities
Abstract
This keynote paper: presents a 21 st 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 SLAoriented 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.
Market-Oriented Cloud Computing: Vision, Hype, and Reality for Delivering IT Services as Computing Utilities Rajkumar Buyya, Chee Shin Yeo1, and Srikumar Venugopal Grid Computing and Distributed Systems (GRIDS) Laboratory Department of Computer Science and Software Engineering The University of Melbourne, Australia Email: {raj, csyeo, srikumar}@csse.unimelb.edu.au Manjrasoft Pty Ltd, Melbourne, Australia 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 SLAoriented resource allocation; presents some representative Cloud platforms especially those developed in industries along with our current worktowards 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.