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In the late-1950s, leasing time on an IBM 704 cost hundreds of dollars per minute. Today, cloud computing, that is, using IT as a service, on-demand and pay-per-use, is a widely used computing paradigm that offers large economies of scale. Born from a need to make platform as a service (PaaS) more accessible, fine-grained, and affordable, serverless computing has garnered interest from both industry and academia. This article aims to give an understanding of these early days of serverless computing: what it is, where it comes from, what is the current status of serverless technology, and what are its main obstacles and opportunities.
Eyk et al. (Sat,) studied this question.