A leading global semiconductor manufacturer collaborated with Infosys to implement best practices across security, performance, and cost optimization. Leveraging cloud-native architecture and application refactoring, Infosys established a FinOps Center of Excellence (CoE) to drive success.
The FinOps CoE facilitated the analysis of underutilized resources and cost optimization with near real-time visibility to resource-level granularity. This streamlined decision-making across multiple stakeholders by providing a single-pane-of-glass view.
Key Challenges
- Usage Breakdown and Inefficiency: The client faced challenges in understanding usage breakdowns and addressing inefficiencies in resource utilization.
- Underutilized or Unused Resources: Identification and elimination of underutilized or unused resources posed a significant challenge.
- Deviations in Cost & Consumption: Fluctuations in cost and consumption metrics required timely monitoring and intervention.
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The Solution
Establishing Efficiency and Governance with FinOps CoE
Infosys assisted the client in analyzing and optimizing underutilized resources including both Infrastructure as a Service (IaaS) and Platform as a Service (PaaS) resources. Additionally, unused or orphaned resources such as storage, public IPs, and NICs were identified and eliminated.
Long-term benefits like savings plans and reserved instance purchases were analyzed and implemented for cost optimization, leveraging Infosys Cobalt framework. Utilizing cost and data analytics with near real-time visibility, Infosys enabled proactive decision-making and optimization.
Driving Efficiency and Savings: The FinOps Revolution
- Cost Reduction: Achieved substantial cost savings through proactive analysis and optimization of underutilized resources.
- Real-time Visibility: Empowered stakeholders with near real-time visibility into cost and resource utilization for informed decision-making.
- Long-term Benefits: Implemented savings plans and reserved instance purchases for sustained cost optimization and efficiency gains.
Benefits
Overall Cost Reduction: Achieved a 45% reduction in overall cloud costs, leading to significant savings.
Reduced Average VM Costs: Realized a 30% reduction in average VM costs in 2023 compared to 2022.
Cost Savings: Saved USD 3 million by December 2023 through effective cost optimization strategies.
