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Computing as a utility, that is, on-demand access to computing and storage infrastructure has emerged in the form of the Cloud. In this model of computing, elastic resource allocation, i.e., the ability to scale resource allocation for specific applications should be optimized to manage cost versus performance. Meanwhile, the wake of the information sharing/mining age is invoking a pervasive sharing of Web services and data sets in the Cloud, and at the same time, many data-intensive scientific applications are being expressed as these services.
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