Case-Study-Healthcare-Startup
.pdf
School
University of Madras Institute of Distance Education**We aren't endorsed by this school
Course
M.B.A. MBN1D
Subject
Information Systems
Date
Dec 20, 2024
Pages
4
Uploaded by ConstableChinchillaMaster404
MOVATE'S FINOPS PLATFORM UNLEASHES A 27% REDUCTION IN CLOUDOPEX COSTS FOR A HEALTHCARE STARTUPAbout theClientThe ClientChallengeOur client is a US-based medical services aggregator whose secure web services platform is used by large healthcare organizations and employers to connect and provide healthcare and patient services to customers. Their state-of-the-art platform exceeds current data regulatory standards and can interface with any practice management/work comp data system reducing administrative burdens and faster response times.In the dynamic realm of cloud infrastructure, adherence to stringent regulations like HIPAA is imperative for healthcare organizations. Our client embarked on their cloud journey with AWS Dedicated instances to ensure HIPAA compliance. However, an unexpected challenge arose as using Dedicated instances propelled their cloud operational costs to unprecedented heights.During an internal audit, a crucial revelation came to light – customer data stored within their environment remained unencrypted at some network volumes, a direct violation of HIPPA compliance. The mandate for data encryption at rest was glaringly absent, underscoring a pressing need for both compliance and financial optimization.
www.movate.com © 2023 Movate Inc. All rights reserved.Movate SolutionUnlocking E±ciency with MovateHere, the journey converged with Movate, a strategic ally with a single mission: to navigate the intricacies, optimize expenses, and enhance compliance security. Recognizing the situation’s urgency, the Movate team swiftly conducted comprehensive due diligence, delving deep into the intricacies of the client’s infrastructure.In response to these insights, Movate harnessed the transformative capabilities of Movate’s FinOps platform. A strategic blueprint was executed, culminating in the deployment of the AWS Compute Savings Plan. Dedicated EC2 instances seamlessly transitioned to Shared Tenancy EC2 instances, while server resources were meticulously optimized for e±ciency.Movate’s Mission:To unearth the pivotal factors steering cost escalation and chart a path toward optimal e±ciency. The revelations were illuminating:The client’s software landscape had no per-core licensing obligations.Substantial server underutilization, with 80-85% of provisioned disks remaining dormant.All EC2 instances were subject to on-demand pricing, Bypassing potential savings.The absence of autoscaling and load balancing triggered EC2 overprovisioning.A significant number of Elastic IP’s lay reserved but unassociated.A significant underutilization of provisioned IOPS within the DEV and QA environments. A subpar data replication strategy, coupled with substantial o±oading of data from AWS Cloud to on-premises for backup.About Movate FinOpsMovate’s FinOps solution is a cloud-native ready-to-deploy platform with the following capabilities:AI-driven anomaly detection to identify cost spikes, unusual spending patterns, or unexpected charges.Provide actionable insights on how to resolve detected anomalies and optimize cloud spending.Real-time anomaly alerts with 99% potential false positive elimination.Show-back and chargeback mechanisms with budget management and cost optimization recommendations.
www.movate.com © 2023 Movate Inc. All rights reserved.Implementation DetailsImplementing cloud optimization through Movate's FinOps platform brought a remarkable transformation for the organization. The client witnessed a dynamic shift in their operational landscape by meticulously addressing the root causes uncovered during the due diligence phase. Beyond financial gains, data encryption at-rest fortified compliance, meeting HIPPA standards, and mitigating the risk of potential data loss. Leveraging the power of AWS Config to detect configuration drift ensured that the infrastructure remained aligned with intended configurations. Integrating AWS Systems Manager (SSM) and AWS Lambda empowered proactive remediation, ensuring automated responses to configuration anomalies. This proactive stance fortified the client’s cloud environment, ensuring continuous alignment with best practices and enhancing operational reliability and optimal cost-e±ciency standards. Figure 1: Movate’s FinOps Solution built on AWS Cloud-Native ServiceData IngestMovate FinOps PaltformAutomated Cost ManagementAnomalyDetectionRecommend-ationsChargebackService QuotaIncreaseReal-timeDashboardBudgetManagementML AlgorithmDataProcessingDataCorrelationResourceClassificationsCommunication/Alert ToolsMS TeamsAmazonSNSAWSBudgetsCost & UsagesReportBillingManagerCostAlertsCloud Billing, Budget and AlertsAWSCostExplorerAmazonCloud-WatchAWSConfigCloud-WatchMetricsUsages ReportsCostExplorerRecommend-ationsCost Optimization Recommendationsrd3Party Monitoring ToolsTrustedAdvisorSavingsPlan Reco-mmendationsComputeOptimizer
Business BenefitsAWS Compute plan increased cost e²ciencies by42%© 2023 Movate Inc. All rights reserved.www.movate.com About MovateMovate, formerly CSS Corp, is a digital technology and customer experience services company committed to disrupting the industry with boundless agility, human-centered innovation, and relentless focus on driving client outcomes. It helps ambitious, growth-oriented companies across industries stay ahead of the curve by leveraging its diverse talent of over 12,700 full-time Movators across 20 global locations and a gig network of thousands of technology experts across 60 countries, speaking over 100 languages. Movate has emerged as one of the most awarded and analyst-accredited companies in its revenue range.For more details, please mail us at info@movate.comMigrating to shared tenancy EC2 instances and with rightsizing reduced costs by19%Proactive approach enhanced reliability and cost-e±ciencyData encryption met HIPPA standards andreduced data lossConclusionIn conclusion, the collaborative e²ort between the client and Movate exemplifies the transformative impact of innovative cloud optimization strategies. The client achieved substantial cost reductions, fortified their compliance posture, and bolstered operational reliability through meticulous analysis, strategic implementation, and cutting-edge AWS tools. Movate's FinOps platform emerged as the guiding force, illuminating a path toward sustainable e±ciency in the cloud landscape. This success story symbolizes the limitless potential that arises from collaboration and innovation. Movate's FinOps platform epitomizes this potential, propelling the client and businesses toward a horizon of excellence within the ever-evolving landscape of cloud computing.