Moneta: How much it saved by optimizing resources in the cloud

Moneta: How much it saved by optimizing resources in the cloud

You can't do without a top reporting tool in the cloud. We met Moneta's high demands for resource optimization with Densify

MONETA MONEY BANK & ORBIT

logo MONETA Money Bank | ORBIT

AFTER 3 MONTHS:

19

EC2

18

RDS

1

reporting tool

20%

expected savings

MONETA Money Bank is one of the first large corporations to operate its applications and environment in the cloud. What was the process and outcome of the search for a tool that would provide the bank with quality data for optimization and efficient management of resources in the cloud??

“I was pleasantly surprised by ORBIT’s personal approach; it defended our interests and requirements very strongly with the contractor (Densify).”

Radim Jablonka, Cloud services delivery manager, MONETA Money Bank

MONETA Money Bank & Resource Optimization in the Cloud | ORBIT

YOU CAN’T DO WITHOUT RESOURCE OPTIMIZATION IN THE CLOUD

The cloud is not for everyone. We wrote here about how to know whether it is worth for a company adopting it. In case of Moneta, the benefits prevailed (despite the jungle of laws and other standards) and the company began to take a different approach to IT architecture, processes and cost management.

Optimizing resources in the cloud has become a key issue in Moneta. Unfortunately, the proprietary tools offered by cloud service providers at the turn of 2019/2020 could not be fully used in Moneta. For example, they did not allow detailed budgeting of actual monthly costs between individual applications and teams. At the same time, they contained insufficient support for deciding on the right configurations or subscription services.

Optimalizace zdrojů v cloudu MONETA Money Bank | ORBIT

“We approached ORBIT because we have been cooperating with them for a long time and our experience is very good. In addition, it was able to provide us with support beyond the services offered by the product supplier itself – all in their native language.”

MONETA Money Bank

In compliance with its cloud strategy, the bank embarked on a project whose primary objective was to achieve better resource utilization in the cloud environment (specifically EC2, RDS, but also the Auto scaling group setup) and to get a perfect overview of all costs in a multi-cloud environment. Radim Jablonka adds: “I recommend not to underestimate the control over what happens in the cloud, as it is a diametrically different environment from what we are used to in our own or even hosted datacentres.”

A secondary goal was automation to speed up the EC2 or RDS resizing process. The expected benefit of the solution was obvious: savings in operating costs and greater efficiency.

ONLY DENSIFY IS NOT ENOUGH

The customer was very demanding in his expectations. He had a clear idea of what information he needed and in what form he wanted to receive it. Moneta’s specific requirement was to use existing infrastructure monitoring as a source of metrics (and not just work with data from the cloud).

The basis of the applied solution was to be Densify’s products and services. They will provide the customer with the required reports and, after implementation of the optimization recommendations, also significant savings in OpEx costs. The investment in Densify will thus return to Moneta many times over.

Creating all the necessary reports and providing access to all users was challenging and a combination of pre-built and custom reports and dashboards were used.

According to the customer’s requirements, we developed a custom tool to process daily batches of additional workload metrics from information stored by tools outside the cloud to optimize operations. After uploading it to the Densify instance, we thereby provided additional data refining individual optimization recommendations by additional percentages, translating ultimately into units of thousands of dollars per month.

How does Densify work? Watch a brief webinar with examples.

REPORTS ARE ROLLING OUT, RESOURCE OPTIMIZATION CAN BEGIN

We delivered the Densify implementation, reports and optimization recommendations to the customer within three months, as originally agreed. The additional metrics and their import required intensive communication with the service provider and a number of adjustments to the software setup. They were therefore prepared with a delay of several weeks, but this did not compromise the value of the whole solution:

  • We were able to expand our portfolio with new instance variants that were previously unknown.

  • We have optimized a total of 19 EC2 and 18 RDS, with no impact on traffic.

  • We identified three instances whose performance was deficient.

  • Bottom line: we expect that optimizing resources in the cloud will bring operational savings of around 20 % for Moneta.

Icing on the cake: thanks to an attentive cloud analyst from MONETA Money Bank, we discovered a built-in modification of certain data in Densify that was slightly distorting the output load information and that none of the thousands of other users had noticed until now.

“The client’s satisfaction exceeded our expectations. He appreciated the accuracy of the recommended optimizations, the quality of the reports and the money saved.”

Kamil Kovář, Business Consultant, ORBIT

“With the final solution, we are able to easily and quickly identify resources that need attention and should be optimized. We also know their operating costs, so we can tell immediately what the percentage savings or additional costs will be. The ability to generate reports in different formats is a nice benefit.”

Radim Jablonka, Cloud services delivery manager, MONETA Money Bank

WE LEARN (EVEN THROUGH MISTAKES)

With each new project we learn and this one could not be an exception. It helped us understand the client’s mental setup in a cloud environment and made us aware of the pros and cons of the Densify tool and service. We learned that next time we need to put more emphasis on proper tagging and filtering of systems or on savings in reserved instances.

A poorly communicated file folder for storing reports was again responsible for an unpleasant experience, when some laboriously processed reports were stored in an unbacked up part of the data and simply disappeared during the upgrade to a new version. It was necessary to restore some of the reports and recreate others manually. Nothing we would ever want to repeat.

Cloud Encyclopedia | ORBIT

“CLOUD JOURNEY” NOT ENDING

Any change takes time to adapt and this is going well at Moneta. Despite the initial hesitation, today (three months after the end of the project) more than half of the users use and understand Densify well. The aim is that the tool should be used efficiently and independently by the employees who take care of the operation of the resources in the cloud.

“The tool becomes more user-friendly with each new version. What I like the best is the new default dashboard, where you can quickly and easily get all the information you need.” adds Radim Jablonka, who assumes that MONETA Money Bank will gradually implement Densify over the company’s entire multi-cloud solution.

There is a good reason for this, namely:

“It always depends on the specific situation and business case, but you can’t do without a tool like Densify in a multi-cloud environment.”

Radim Jablonka, Cloud services delivery manager, MONETA Money Bank

DO YOU FEEL THE SAME WAY?
GET IN TOUCH AND TOGETHER WE'LL FIND OUT WHAT SAVINGS CAN OPTIMIZING CLOUD RESOURCES BRING YOU.