Data-driven organizations turn to Hitachi Vantara to optimize cloud investments
SANTA CLARA, Calif. – September 23, 2021 - Hitachi Vantara, the digital infrastructure, data management and analytics, and digital solutions subsidiary of Hitachi Ltd. (TSE: 6501), today introduced Hitachi Cloud FinOps Services. This new offering provides a portfolio of services designed to help organizations optimize cloud economics. The end goal: help organizations save money as they deploy their hybrid, multicloud or distributed cloud services - while still maintaining the proper agility and scale to deliver their business and IT results.
The Cloud Cost Paradox
Cloud is essential to almost every enterprise in every industry because it accelerates innovation, agility, and growth. However, as companies operating at scale deploy more cloud services, they often find that ungoverned on-demand consumption, and unexpected management and operational costs, are eating up promised cost savings and quickly driving budgets to overrun. Indeed, IDC predicts increased investment in public cloud cost management through 2022 as enterprises seek to cut cloud waste by 50%1. The challenges from inadequate automation, the lack of visibility across cloud accounts, and duplicate and idle resources from poor application architectural design can add up to thousands — or even millions — of dollars in wasted expenditures every year.
New Cloud FinOps Services for Cloud Cost Optimization and Management
Hitachi Cloud FinOps Services addresses the cloud cost paradox by optimizing cloud cost and investments by providing visibility and management across a client's cloud environments, enabling them to:
1 IDC FutureScape: Worldwide Cloud 2021 Predictions, Doc # US46420120, October 2020
"Managing cloud costs and investments across multiple cloud environments is complex, and it's easy to overspend on cloud services with limited visibility and predictability on utilization," said Roger Lvin, president, Digital Solutions Business Unit, Hitachi Vantara. "Hitachi Cloud FinOps Services addresses this complexity and lowers the total cost of ownership through mapping spend data, tagging, allocating shared costs equitably, and recommending data-driven cost take-out measures."
Hitachi Vantara's service portfolio is built on decades of expertise in cloud, application, data, and infrastructure modernization. The services are delivered through a unique E3 methodology, which is a comprehensive application and data modernization approach that enables clients to envision, evaluate and execute a FinOps-led program to address the complexity of managing cloud environments. With Hitachi Cloud FinOps Services customers receive a turnkey solution that provides the following outcomes:
Deluxe, a Trusted Payments and Business Technology™ company, that supports millions of small businesses, thousands of financial institutions, and hundreds of the world's most valuable brands recently turned to Hitachi Vantara. The company operates at significant scale processing more than $2.8 trillion in annual payment volume.
"Hitachi Vantara's services have helped to streamline our journey to becoming a nimble technology company," said Deluxe Chief Information Officer Michael Mathews. "In addition to providing ongoing, yearly cost reductions across cloud environments and other savings, they've helped us right-size our core infrastructure based on actual consumption, increase our budget capacity for new workloads in cloud, and improve the operational and financial transparency into our technology and cloud operating environments."
If not managed properly, the cloud cost paradox will cost organizations significantly in wasted expenditures. Hitachi Cloud FinOps Services gives customers the data, insight and expertise to know better, allowing them to do their cloud, their way.
Hitachi Cloud FinOps Services are available today. To learn more visit https://hitachivantara.com/Modernize
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About Hitachi Vantara
Hitachi Vantara, a wholly-owned subsidiary of Hitachi, Ltd., guides our customers from what's now to what's next by solving their digital challenges. Working alongside each customer, we apply our unmatched industrial and digital capabilities to their data and applications to benefit both business and society. More than 80% of the Fortune 100 trust Hitachi Vantara to help them develop new revenue streams, unlock competitive advantages, lower costs, enhance customer experiences, and deliver social and environmental value. Visit us at www.hitachivantara.com.
About Hitachi, Ltd.
Hitachi, Ltd. (TSE: 6501), headquartered in Tokyo, Japan, is focused on its Social Innovation Business that combines information technology (IT), operational technology (OT) and products. The company's consolidated revenues for fiscal year 2020 (ended March 31, 2021) totaled 8,729.1 billion yen ($78.6 billion), with 871 consolidated subsidiaries and approximately 350,000 employees worldwide. Hitachi is working to increase social, environmental and economic value for its customers across six domains; IT, Energy, Industry, Mobility, Smart Life and Automotive Systems through Lumada, Hitachi's advanced digital solutions, services, and technologies for turning data into insights to drive digital innovation. For more information on Hitachi, please visit the company's website at https://www.hitachi.com.
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