Title

AWS re:Invent 2023 - Drive innovation and accelerate business outcomes with benchmarking (GDS101)

Summary

• Nan Chen, a business development manager at AWS, introduced the concept of value benchmarking and its importance in cloud adoption.
• Benchmarking helps organizations compare performance metrics against industry standards to identify improvement areas and drive excellence.
• AWS Value Benchmarking provides quantifiable data to understand cloud value, focusing on IT and business-specific metrics.
• IDC research shows economic benefits of moving to AWS, with the majority of value coming from improved business productivity.
• AWS Cloud Value Framework includes five key pillars: cost savings, staff productivity, operational resilience, business agility, and sustainability.
• Industry-specific benefits were highlighted, with examples from life sciences, gaming, and independent software vendors (ISVs).
• AWS conducted industry studies covering nine industries and sustainability, surveying 900 global customers and 300 business metrics.
• Megan Dickerson from the cloud economics team explained how they use benchmark data to build business cases for AWS migration and modernization.
• Cloud Economics is a complimentary service that helps customers drive data for customized areas.
• Real customer achievements on AWS were shared, highlighting cost savings, staff productivity, operational resilience, and business agility.
• Sai Dasri from Bottom Line Technologies shared their experience with AWS in disaster recovery and cloud migration strategy.
• The session concluded with a call to action for attendees to engage with Cloud Economics for benchmarking or business value cases.

Insights

• Benchmarking is a critical tool for organizations to justify cloud adoption by comparing their performance with industry peers and quantifying the value of AWS solutions.
• The AWS Cloud Value Framework provides a structured approach to evaluate the benefits of cloud adoption across various organizational aspects.
• AWS has conducted extensive research to support the value proposition of cloud migration, including industry-specific studies that provide a wealth of data for building business cases.
• Real-world examples from AWS customers demonstrate significant improvements in various KPIs, reinforcing the tangible benefits of cloud adoption.
• The session highlighted the importance of modernization, not just migration, indicating that companies that adopt cloud-native services like containers and serverless see greater value.
• Bottom Line Technologies' case study illustrates the practical application of AWS benchmarking and cloud economics services in making informed decisions about cloud strategies.
• AWS offers a complimentary Cloud Economics service, which is a valuable resource for organizations looking to build a business case for AWS migration and modernization.