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Your company currently runs a large on-premises cluster using Spark, Hive, and HDFS in a colocation facility. The cluster is designed to accommodate peak usage on the system; however, many jobs are batch in nature, and usage of the cluster fluctuates quite dramatically. Your company is eager to move to the cloud to reduce the overhead associated with on-premises infrastructure and maintenance and to benefit from the cost savings. They are also hoping to modernize their existing infrastructure to use more serverless offerings in order to take advantage of the cloud. Because of the timing of their contract renewal with the colocation facility, they have only 2 months for their initial migration. How would you recommend they approach their upcoming migration strategy so they can maximize their cost savings in the cloud while still executing the migration in time?
Compounded Monthly
This term refers to the process of earning interest on both the initial principal and the accumulated interest from previous periods, calculated on a monthly basis.
Invest
To assign funds with the anticipation of obtaining future gains, like earnings or financial returns.
Saves
In finance, the amount of money that is set aside from income, typically in a savings account or other forms of secure investment.
Retirement Plan
A financial strategy that intends to provide individuals with income or resources during their retirement years.
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