With approximately 3,000 cloud accounts across AWS and Azure to manage, FactSet needed more transparency and insight to create a trusted showback/chargeback process, arm engineers with actionable information, and optimize cloud spend. Implementing IBM Cloudability enabled them to replace their internally built cloud cost management application with a proven solution and helped them:
- Increase transparency for cloud spend
- Enable engineers to take action to optimize costs
- Allocate costs for all shared resources
- Double commitment coverage for RDS
- Push toward achieving unit economics
The challenge
Engineering teams are core to FactSet—they create the company’s solutions, test new ideas, and drive innovation. Therefore, reducing barriers to infrastructure and tools is paramount. Access to cloud resources greatly increased the agility of engineering work. Using a micro-account strategy allowed teams to easily create new accounts and quickly get started in a governed and secure way. The cloud environment has now grown to approximately 3,000 accounts, most of them in Amazon Web Services (AWS), making cloud cost management a critical yet challenging activity.
“We needed to understand our cloud spend in order to better manage it. In the data center, if you leave stuff running and it’s not being used, costs get hidden through capitalized purchases of additional hardware that is depreciated over multiple years. But unused/idle resources in the cloud burn cash that directly impacts the bottom line,” said Hitesh Chitalia, VP and Director of Cloud Optimization at FactSet.
To address this challenge, FactSet developed its own purpose-built cloud cost management solution. Read on to find out how they accomplished this.
We love sharing our customers' successes! If you'd be interested in learning more about participating in a case study, please reach out to Lauren Rappold at Lauren.Rappold@ibm.com.
#automation-featured-area-2#community-stories1