COST - EC2 is costly - EMR is even more costly.
If you got a local setup & have Static IP - this should be saving you thousands of $s - and we did - we are migrating slowly to local / private cloud for our Big Data Operations.
Note: it all comes with the operational cost of Maintenance & Responsibility of maintaining Storage, Networking, etc - but worth all the effort on daily run basis.
Read full article from (5) What are the advantages of Amazon EMR, vs. your own EC2 instances, vs. running Hadoop locally? - Quora
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