Advanced Cost Management FinOps Solution for a Global Elevator Giant

Client

The client is a leading manufacturer of vertical transportation systems, such as elevators, moving walkways, and escalators. They have a global presence, with over two million elevator and escalator installations that move over two billion people daily

Challenges

• Catering to a large number of Azure subscriptions across the globe 
• Maintaining a non-utilized cloud environment at high costs 
• Handling a major increase in the cloud footprint and increasing cloud bills, post-separation 
• Need for providing an evergreen solution to optimize and manage costs

LTM Solution

• Deployed a dedicated cost management team to discover and optimize the overall cloud assets
• Created 3 MVPs to target optimization across – 
  • VM optimization 
  • Hybrid licensing
  • Auto shutdown 
  • Migration to Native PaaS 
  • Reserved instance
• Leveraged cost management and FinOps principles 
• Set up an evergreen cost management process as part of operations for review and optimization Implemented a technology-driven solution using – 
  • Azure Monitor
  • ServiceNow 
  • LTM FinOps 

Benefits

• 65% improvement in cloud utilization with the right sizing 
• 30% reduction in overall spending across the existing hosted environment 
• 100% visibility of cost by implementing Azure Arc 
• $6.2M annual cost savings across Azure