Selling cloud server space in the same stall with retail products like books, movies and games might sound like a ridiculous and desperate way to make money. This is not the case for Amazon. The giant online marketplace for retail and wholesale of a wide variety of products has now moved to augment its trade in the rental of virtual servers, storage and other tools for building and hosting online software applications.
The seamless integration of these two independent market goods heavily relies on the fact that the technology powering Amazon’s retail operations is all that Amazon needed to drive the cloud server services. The symbiotic relationship between the two also extends to the level of interoperability of selling maximization ideas from either side of the coin.
In bid to gain more from these split functionalities, Amazon recently released a new combination of its operational methodologies. Amazon EC2 Reserved Instance Market is an online market purposed for the selling and buying of virtual servers. The upside of the new system is that any unnecessary server space is off-loadable while extra space is easy to buy.
On a blog post from Jeff Barr of Amazon, “I often tell people that cloud computing is equal parts technology and business model. If you have excess capacity, you can list it on the marketplace and sell it to someone who needs additional capacity.” This shows the simplicity and two-way benefits that trading server space on the Amazon’s cloud will offer and which will prove to be convenient and profitable for all involved parties.
Elastic Compute Cloud (EC2) is an equivalent of other services like Microsoft Azure and Google’s (News - Alert) Compute Engine that let you access hardware power over the Internet doing away with the necessity to invest in own hardware, real estate space and extra technicians to achieve the same. Amazon’s EC2 has evolved from a place where buying server space was on demand basis to what is termed as “reserved instances”, allowing server reservation for future use at cheaper prices.
According to Barr, there is no excuse for failing to get virtual server space at Amazon since the servers come in classes of different sizes and processing powers. Hence, a firm can choose what suites them. He said, “If you find that your application has put on a little weight (it happens to the best of us), and you need a larger instance type, sell the old RIs and buy new ones from the Marketplace or from AWS.”
The swapping is also an option upon the introduction of a better fitting service into the market. In addition, the Web service will also allow you to move applications between Amazon “regions” across the U.S. and other parts of the world.
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Edited by Brooke Neuman