Comparative Analysis of Cloud Computing and the Gig Economy Pricing Strategies
Cloud computing services and gig economy platforms vary in flexibility, efficiency, and scalability due to their pricing schemes. Cloud computing services provide flexibility and cost control via pay-as-you-go, subscription, and freemium models. Like gig economy platforms, workers and customers pay for task completion, time-based contracts, and premium services. Assessing how successfully different pricing techniques fulfil varied demands, from short-term initiatives to long-term commitments, requires identifying their strengths and weaknesses. The goal is to evaluate these models' capacity to meet shifting demand, save money, and scale. The methodology also assesses cost predictability and company and consumer advantages of each pricing structure. The comparison seeks to improve resource allocation and financial planning by revealing how various pricing systems function in different circumstances. The research helps decision-makers use cloud services or gig economy platforms for different operational purposes by emphasizing their economic consequences. From datasets, simulated pricing model data was examined. The first example includes settings such as Hours Used (5–25), Pay-as-You-Go (10–50 USD), and Subscription-Based (30 USD). The second instance has Job Size (Resources) from 5 to 25, Freemium Model (USD) from 10 to 30, and Usage-Based Pricing (USD) from 10 to 50.
Authors
- G. Bhanuprakash Reddy (ORCID: https://orcid.org/0000-0003-4787-3944)
- Mohan Kumar
- Iyapparaja
- S Nowritha
Institutions
- Vellore Institute of Technology University (IN)
Publication Details
- Published
- 2024-12-12
- DOI
- https://doi.org/10.1109/icses63760.2024.10910380
- Primary Topic
- Digital Platforms and Economics
- Type
- article
- Field-Weighted Citation Impact
- 0.00