AWS re: Invent, it’s fast becoming the go-to event for PE firms to mingle with their portcos. Typically, portcos will spend 7/8 figures on cloud services and infrastructure. That number will be growing rapidly.
AWS re: Invent is a great excuse to meet, persuade and ‘encourage’ your portcos tech leaders to find innovative ways to drive their AWS spend down.
Live music, entertainment, and an opportunity to significantly reduce your AWS bill. What more excuses do you need?
There are 5 common steps portco tech teams will take when ‘encouraged to reduce cloud cost’.
These steps will resonate from conversations with your portco tech leader about value creation. This low hanging typically gets at 10-20% of the total problem.
- Realise their cloud its costing too much, buy RI’s (or equivalent)
- Renegotiate with AWS etc.
- Turn off dev/test instances at the weekend
- Rightsize simple workloads
The really good portcos will do the above, 5 steps, just earlier and quicker.
However, they are not particularly innovative, hardly worth a trip to Las Vegas.
What great companies do is create logical maps of their systems, end to end.
They use business>service>infrastructure data and map this to their customer behaviours. They use this to flip the cost equation on its head. This is how to create innovative, disruptive business change without worrying about what the underlying tech stack is doing.
These portcos typically see reduction of spend with AWS around 70%.
Consider how much value that could create, not just in increases to EBITDA. But your ability to fundamentally change the way your portco does business. All while not having to worry about the underlying technology in doing.
That sounds like a good way to spend 4 days in Las Vegas.
P.S Whilst here at AWS re:Invent as a special treat, you can expect a daily unconsidered need with an AWS flavour. After this week, normal service will resume.