COST-EFFICIENT SCALING STRATEGIES FOR CLOUD-BASED TRANSACTION SYSTEMS: A TECHNICAL DEEP DIVE
Keywords:
Cloud Scaling, Cost Optimization, Infrastructure Monitoring, Container Orchestration, Resource UtilizationAbstract
The cost-effective scaling techniques for cloud-based transaction systems in the contemporary digital economy are examined in this extensive technical article. The article looks at several cloud infrastructure optimization topics, such as storage tiering tactics, container orchestration, auto-scaling techniques, and vertical and horizontal scaling methodologies. It examines resource usage trends, performance indicators, and sophisticated monitoring strategies across several cloud platforms. The article also looks into applications unique to the financial services and e-commerce sectors, showing how businesses can successfully strike a balance between operational expenses and performance standards. It offers insights into attaining optimal cost effectiveness while preserving system performance and reliability in cloud environments by carefully examining caching techniques, monitoring tools, and infrastructure management.
References
IDC Research, "Cloud Infrastructure Spending Continued to Grow in the Second Quarter of 2023 Led by Spending on Shared Cloud Infrastructure, According to IDC Tracker," IDC, Oct. 2023. Available: https://www.idc.com/getdoc.jsp?containerId=prUS51280423
AWS Global Infrastructure Team, "AWS Global Infrastructure," Amazon Web Services Documentation, 2023. Available: https://aws.amazon.com/about-aws/global-infrastructure/
A. Verma, "Scaling Your Azure Applications: A Guide to Vertical and Horizontal Strategies," Medium, Aug. 2024. Available: https://medium.com/@ajayverma23/scaling-your-azure-applications-a-guide-to-vertical-and-horizontal-strategies-f8de0aada33a
Anshita Malviya and Rajendra Kumar Dwivedi, "A Comparative Analysis of Container Orchestration Tools in Cloud Computing," Research Gate, March 2022. Available: https://www.researchgate.net/publication/360342292_A_Comparative_Analysis_of_Container_Orchestration_Tools_in_Cloud_Computing
AWS Technical Team, "Spot Instance Best Practices," Amazon Web Services Whitepapers. Available: https://docs.aws.amazon.com/whitepapers/latest/cost-optimization-leveraging-ec2-spot-instances/spot-best-practices.html
Successive Digital, "Cloud Cost Analysis: A Comprehensive Guide," Successive Technologies Technical Research. Available: https://successive.tech/blog/cloud-cost-analysis-a-comprehensive-guide/
Amazon Web Services, "CBasic monitoring and detailed monitoring in CloudWatch," AWS CloudWatch Documentation. Available: https://docs.aws.amazon.com/AmazonCloudWatch/latest/monitoring/cloudwatch-metrics-basic-detailed.html
DigitalOcean Research Team, "10 top cloud cost management tools to save your cloud budget," DigitalOcean Technical Resources. Available: https://www.digitalocean.com/resources/articles/cloud-cost-management-tools
SCAYLE Research Team, "Black Friday eCommerce: Why eCommerce Has Never Been More Relaxed," SCAYLE Technical Library, Nov. 2024. Available: https://www.scayle.com/library/blog/black-friday-ecommerce/
Michael Tang, "Cloud banking: More than just a CIO conversation," Deloitte. Available: https://www.deloitte.com/za/en/Industries/financial-services/perspectives/bank-2030-financial-services-cloud.html
