Industry: Manufacturing
Timeline: 4 weeks (POC)
Investment: $6,000
Savings Identified: >$50K annualized in one cloud account
Realized OPEX Saving: 11%
Sponsor: CIO
Stakeholders:
Opportunity: A well know manufacturer of consumer and industrial appliances faced a business contraction due to world events resulting in the need to reduce budgets. The company had leveraged cloud heavily and was highly optimized. They needed help to identify savings.
Solution: Cloud Cost Optimization
•Collated billing, usage and design artifacts along with cloud spend analysis tool output for a single account
•Analyzed 10 dimensions of design and spend (tools initially provided only 3 dimensions) to produce prioritized target list
•Developed dashboards and reporting to ensure accountability with the BUs
•Provided both strategic architecture guidance and tactical insights to drive out unnecessary cost
Impact:
•Documented recurring savings of $35K which were achievable within 5 business days, with all savings realizable within 30 days.
•Identified a potential security exposure of >50% of data stored in the cloud was not encrypted, violating corporate standards
•Identified high probability areas of additional savings within the single account analyzed worth up to an additional $275K annually
Benefits:
•Saved enough money in the POC to alleviate budget issues and provide funding to address the entire enterprise cloud spend
•11% reduction in cloud cost within a single cloud account
•Identified a Reserved Instance marketplace to realize additional savings and provide flexibility in place of multi-year committed contracts offered by public cloud providers
•Provided a workplan, schedule and dashboards to enable change and track results
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