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Optimizing multi-time series forecasting for enhanced cloud resource utilization based on machine learning

delete2024-11-01
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AI
M
Mateusz Smendowski
P
Piotr Nawrocki *
DOI:10.1016/j.knosys.2024.112489delete
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摘要

摘要

En 中文
Due to its flexibility, cloud computing has become essential in modern operational schemes. However, the effective management of cloud resources to ensure cost-effectiveness and maintain high performance presents significant challenges. The pay-as-you-go pricing model, while convenient, can lead to escalated expenses and hinder long-term planning. Consequently, FinOps advocates proactive management strategies, with resource usage prediction emerging as a crucial optimization category. In this research, we introduce the multi time series forecasting system (MSFS), a novel approach for data-driven resource optimization alongside the hybrid ensemble anomaly detection algorithm (HEADA). Our method prioritizes the concept-centric approach, focusing on factors such as prediction uncertainty, interpretability and domain-specific measures. Furthermore, we introduce the similarity-based time-series grouping (STG) method as a core component of MSFS for optimizing multi-time series forecasting, ensuring its scalability with the rapid growth of the cloud environment. The experiments performed demonstrate that our group-specific forecasting model (GSFM) approach enabled MSFS to achieve a significant cost reduction of up to 44%.
Keyword:
Cloud computing
Cloud resource usage optimization
Machine learning
Time series forecasting optimization
Cloud finOps
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期刊

K
Knowledge-Based Systems
IF:
7.6
论文数:
1.3W
被引数:
4.5W

机构

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AGH University of Krakow
学者数:
9.2K
论文数: 9.4K
被引数: 1.2W
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