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Decisions, Models and Opportunities in Cloud Computing Economics: A Review of Research on Pricing and Markets

  • Sowmya Karunakaran
  • Venkataraghavan Krishnaswamy
  • R. P. Sundarraj
Conference paper
Part of the Lecture Notes in Business Information Processing book series (LNBIP, volume 177)

Abstract

Cloud computing has emerged as a key information technology and systems model over the last few years. Major organizations have developed and delivered cloud computing solutions and continue to do so. Consequently, a number of strides were made in the advancement of technology leading to a growth in the adoption of cloud computing. The growing recognition of cloud computing services necessitates a focus on the business aspects of cloud. However, we feel that research in this area is scant. To this effect, we performed a systematic review of cloud computing literature and reviewed 2891 abstracts and 157 articles published until the year 2012. Based on the findings of the review, we establish a framework for organising the extant research on cloud business aspects. Using the framework, we find cloud economics to be the most widely researched business aspect. In this paper, we provide a detailed review of the application of decision models in the context of cloud economics, with a specific focus on pricing and markets. The proposed framework and review results serve as a reference to IS researchers and practitioners to understand decision situations, models and opportunities.

Keywords

Cloud computing Utility computing Decision models Pricing Markets Review 

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Copyright information

© Springer International Publishing Switzerland 2014

Authors and Affiliations

  • Sowmya Karunakaran
    • 1
  • Venkataraghavan Krishnaswamy
    • 1
  • R. P. Sundarraj
    • 1
  1. 1.Department of Management StudiesIIT MadrasChennaiIndia

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