Cloud computing supports the technological need of the industry supporting many other technologies. Also, the demand for computing power and storage by recent technologies is reasonably growing in a drastic way. Cloud computing, serving for these technologies are to be developed with advancements that lead to performance improvement both in support to the technologies like block-chain and big data. The allocation of cloud resources is an important strategy to be followed in a wiser manner to incorporate the needs of extra ordinary computing power. In this paper, an efficient resource allocation strategy (FTVMA) is introduced that involves the creation of effective virtual machines (VMs) and performs VM allocation in an efficient manner by considering the failure rates, previous history of failure of VM, execution efficiency as a part of effective scheduling. There exist many reasons for cloudlet failure in VMs. Some of them are overloading of VMs and non-availability of VMs. The introduced FTVMA algorithm considers the failure rate of the physical machine, load of virtual machines and the cost priority of the tasks in order to achieve Quality of Service (QoS) and Quality of Experie
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