Abstract-Cloud computing has become a new age technology that has got huge potentials in enterprises and markets. Clouds can make it possible to access applications and associated data from anywhere. Companies are able to rent resources from cloud for storage and other computational purposes so that their infrastructure cost can be reduced significantly. Further they can make use of company-wide access to applications, based on payas-you-go model. Hence there is no need for getting licenses for individual products. However one of the major pitfalls in cloud computing is related to optimizing the resources being allocated. Because of the uniqueness of the model, resource allocation is performed with the objective of minimizing the costs associated with it. The other challenges of resource allocation are meeting customer demands and application requirements. In this paper, various resource allocation strategies and their challenges are discussed in detail. It is believed that this paper would benefit both cloud users and researchers in overcoming the challenges faced.

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Resource allocation and scheduling algorithms are the two essential factors that determine the satisfaction of cloud users. The major cloud resources involved here are servers, storage, network, databases, software and so on based on requirements of customers. In the competitive scenario, each service provider tries to use factors like optimal configuration of resources, pricing, Quality of Service (QoS) parameters and Service Level Agreement (SLA) in order to benefit cloud users and service providers. Since, many researchers have proposed different scheduling algorithms and resource allocation strategies, it becomes a cumbersome task to conclude which ones really benefit customers and service providers. Hence, this paper analyses and presents the most relevant considerations that would help the cloud researchers in achieving their goals in terms of mapping of tasks to cloud resources.

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