1. A method comprising: generating a first set of configurations for a currently executing MapReduce job, wherein said set of configurations comprises job-level configurations and task-level configurations; dynamically modifying configurations associated with a mapper component and/or a reducer component associated with at least one ongoing map task and/or ongoing reduce task of the MapReduce job based on the generated first set of configurations; and deploying said first set of configurations to the mapper component and/or the reducer component associated with the MapReduce job; wherein at least one of said generating, said modifying, and said deploying is carried out by one or more computing devices.