The resource-as-a-service (RaaS) cloud

Orna Agmon Ben-Yehuda, Muli Ben-Yehuda, Assaf Schuster, Dan Tsafrir

Research output: Contribution to conferencePaperpeer-review

Abstract

Over the next few years, a new model of buying and selling cloud computing resources will evolve. Instead of providers exclusively selling server equivalent virtual machines for relatively long periods of time (as done in today's IaaS clouds), providers will increasingly sell individual resources (such as CPU, memory, and I/O resources) for a few seconds at a time. We term this nascent economic model of cloud computing the Resource-as-a-Service (RaaS) cloud, and we argue that its rise is the likely culmination of recent trends in the construction of IaaS clouds and of the economic forces operating on both providers and clients. The single most important proposition in economic theory, first stated by Adam Smith, is that competitive markets do a good job allocating resources. (Stephen LeRoy).

Original languageEnglish
StatePublished - 2012
Externally publishedYes
Event4th USENIX Workshop on Hot Topics in Cloud Computing, HotCloud 2012 - Boston, United States
Duration: 12 Jun 201213 Jun 2012

Conference

Conference4th USENIX Workshop on Hot Topics in Cloud Computing, HotCloud 2012
Country/TerritoryUnited States
CityBoston
Period12/06/1213/06/12

Bibliographical note

Publisher Copyright:
© USENIX Workshop on Hot Topics in Cloud Computing, HotCloud 2012.All right reserved.

ASJC Scopus subject areas

  • Computer Science Applications
  • Computer Networks and Communications
  • Computer Science (miscellaneous)

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