Cloud Cost Analyzer and Price Reduction Recommendation Survey

Cloud computing is an emerging commercial infrastructure paradigm that promises to eliminate the need for maintaining expensive computing facilities by companies and institutes alike. In addition, low prices and ease of use encourage enterprises to utilize cloud computing to host their IT infrastructure. Currently, the choice of an instance type is usually based on a heuristic approach and does not guarantee that an optimal solution is selected with regards to performance and cost. Companies are investing billions of money in buying cloud infrastructure which is not used in an optimal/effective way. Hence we propose to develop a system that monitors VMs (EC2 Instances) on private clouds like Amazon or Google and provide solutions to reduce infrastructure cost from the customer's point of view. This paper gives a brief survey of different methods that provide solutions to reduce infrastructure cost and utilization of cloud resources.