Challenge
As with much of the financial and technology industries, market data is a high-volume, low latency industry. Financial firms can easily move millions of prices and other data through the cloud in seconds. When you couple that data flow with system utilisation and storage requirements, the cost of cloud is hard to predict and can be a significant challenge for CFO’s in the industry. Also, the flexible nature of cloud computing can result in companies having fast-growing cloud costs which they struggle to keep up with.
These complexities made it even more important for BCC Group to engage with Strategic Blue, as their FinOps expertise provides significant clarity and transparency to cloud costs and usage, as well as keeping costs as low as possible.
Results
BCC Group and Strategic Blue have forged a powerful partnership and offering for financial institutions. Providing a seamless service of data streams, as well as a means to keep on top of ever-growing AWS costs.
BCC Group and Strategic Blue jointly hosted the event ‘Market Data In The Cloud’ in 2019, which was a fantastic platform for both parties to reach out to like-minded companies who could benefit from both offerings. Strategic Blue and BCC Group will continue to work closely together, not only on BCC Group’s AWS environments but also on the wider financial industry that can benefit from this type of work.
Solution
BCC Group initially signed up with Strategic Blue for their own cloud requirements. Like most other companies in the industry, they found tracking AWS costs and keeping costs to a minimum a challenge.
Once Strategic Blue had worked closely with BCC Group on their own AWS journey, it became clear that a Partnership between BCC Group and Strategic Blue made sense, with the customers of both parties being able to benefit from the services offered. Importantly, BCC Group works with some of the largest financial institutions on critical data, and as such required a partner that could completely control the cloud FinOps complexities.
BCC Group has subsequently brought the Strategic Blue team into engagements with clients who are desperate to understand their cloud costs and reduce their cloud costs as much as possible. Through Strategic Blue’s People Powered FinOps services, BCC Group’s customers are able to leverage the Strategic Blue expertise here, understand where the money is flowing, and reduce their AWS costs as much as possible. Similarly, Strategic Blue works across a variety of financial focused customers who have been introduced to BCC Group and their ‘One Platform’ so that they can leverage their strong expertise of market data in the cloud.