Posted by : Randy Cooper in (CDN)

Can Amazon EC2 Spot Pricing Work For Cloud Storage? – Enterprise Storage Strategies

 

Deploying enterprise storage has never been more confusing, with a wide variety of technology choices available. On this blog, Nirvanix Director of Consulting, Stephen Foskett, presents proven strategies for building an internal storage service in the enterprise.

Can Spot Pricing Work For Cloud Storage?

This morning, Amazon took a step with EC2 that many had long anticipated: They announced spot pricing for cloud compute instances. EC2 customers can now name their own price, and Amazon will bring compute instances up at variable discount prices according to these "bids". This complements their March 2009 move at the other end of the spectrum, extra-cost reserved instances. This evolution of the cloud compute market was predicted by many, but Amazon deserves credit for making it happen.

The obvious next question is whether spot pricing can work for cloud storage. Although there are cases where spot pricing might make sense, the nature of data storage trends against this sort of pricing model. Let’s explore the question further.

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