Amazon Unveils Variable Cloud Pricing Scheme
Information Today › Vol. 27 Nbr. 2, February 2010
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Summary
Amazon is taking a lesson from basic economic theory in developing an innovative leasing system for its EC2 Instances cloud computing service. Amazon's recently announced leasing system for its EC2 cloud, named EC2 Spot Instances, takes advantage of those down times. Rather than charging a flat rate, EC2 Spot Instances have a floating price point determined by how much of the overall system is in use as a sort of processor cycle stock exchange. The EC2 Spot Instances take advantage of unused portions of Amazon's EC2 Instances cloud.
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Amazon Unveils Variable Cloud Pricing Scheme
How important is supply and demand in the digital economy? After all, iTunes will never run out of songs, and YouTube will never come to an e...
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