Finnish Forest Giant's Sustainable Cloud Journey with HCL MyXalytics
What we achieved
-
$125K+
cost savings
-
$50
waste elimination
-
$15K
saved in scheduling efficiency
To who
-
Industry Industrial Manufacturing
-
Products: HCL MyXalytics
-
Region Global
Overview
-
Part 1
Challenge
Lack of visibility of cloud cost caused inefficient optimization and blindspots hindering accurate cost analysis.
-
Part 2
Solution
Acting as a powerful cloud-cost optimization tool, MyXalytics empowered them to take control of their cloud spending.
-
Part 3
Results
Implementation leading to significant cost savings such as $50K waste elimination, $15K scheduling, $30K right sizing and $30K reserved instance.
The Challenge
Embracing sustainability is no longer just a trend; it's a necessity. Imagine a company leading the charge in sustainable forestry products, crafting eco-friendly solutions from responsibly sourced materials. They are global providers of sustainable and safe solutions for the forest-based bio-industry with an annual cloud spend exceeding $5 million. They have expanded their global reach, employing a dedicated workforce of 18,000 across 12 countries. However, a hidden challenge threatens their commitment to responsible practices—the ever-growing cost of their cloud services.
Like many businesses, this Finnish forest giant faced limitations in cloud cost visibility and optimization. Their cloud infrastructure spanned multiple providers, creating a fragmented view of their spending. Inconsistent tagging practices further complicated matters, making it difficult to pinpoint costs associated with specific projects or departments. Untagged resources remained hidden, creating blindspots that hindered accurate cost analysis. Underutilized resources, such as unused servers, continued to drain their budget without delivering value.
Challenges relating to cloud cost management:
- Limited visibility with siloed cloud data
- The company lacked a unified view (single pane of glass) of their cloud spend across different cloud service providers (CSPs). This siloed data made it difficult to monitor key performance indicators (KPIs) relevant to different user personas and to build dashboards for informed decision-making around cloud resource optimization.
- No uniformity in tagging nomenclature
- Inconsistent tagging practices made it hard to categorize and track costs associated with specific portfolios or service areas. Untagged resources further compounded this issue.
- Inefficient resource management
- Underutilized resources, such as unused servers or services, and orphaned or abandoned resources continued to drain their budget without delivering value. This inefficiency not only wasted financial resources, but also led to a larger environmental footprint.
- Inefficient cost management and allocation
- The company lacked a system to allocate cloud spending appropriately across different portfolios and service areas (show-back repos). This, combined with inefficiencies like underutilized resources, resulted in unforeseen cloud costs and frequent budget overruns.
The Solution
The Quest for Clarity: Enter HCL MyXalytics
Determined to address these challenges and maintain their commitment to responsible practices, the company implemented HCL MyXalytics. It acts as a powerful cloud-cost optimization tool designed to empower businesses to take control of their cloud spending.
MyXalytics was accountable for defining a standardized approach to identifying and executing cloud-cost optimization recommendations:
- Implementing a single platform for consolidated consumption details across multiple CSPs.
- Establishing a defined standard tagging nomenclature across AWS and Azure accounts.
- Enforcing tagging policy using FinOps.
- Account-portfolio mapping was done to identify which accounts contributed to which portfolios.
- Creating policies to segregate costs among different service areas and portfolios.
The Results
The Quest for Clarity: Enter HCL MyXalytics
Determined to address these challenges and maintain their commitment to responsible practices, the company implemented HCL MyXalytics. It acts as a powerful cloud-cost optimization tool designed to empower businesses to take control of their cloud spending.
With significant results achieved, the Finnish forest giant aligned perfectly with their core values of sustainability and responsible resource management. The implementation of HCL MyXalytics yielded in the following cost-savings:
- $50K waste elimination
- $30K right sizing
- $15K scheduling
- $30K reserved instance
Partnering perfectly with the sustainability goals of today and with tomorrow in mind, the future is now with HCL MyXalytics.
About the company
A global leader in the bioindustry, this company focuses on sustainable forest-based products, including paper, pulp, and renewable energy. With over 17,000 employees and annual revenue surpassing €11 billion, it emphasizes innovation, resource efficiency, and environmental responsibility across its global operations.
Share on
- ${title}${badge}