Title

AWS re:Invent 2023 - Fast-track industry modernization with AWS Marketplace (MKT102)

Summary

Speakers: Matt Nagel from AWS, Gray Ainsworth and Akin Salon from Lionsgate.
Main Topics: The role of AWS Marketplace in industry modernization, challenges faced by customers, and Lionsgate's journey to modernizing their supply chain through AWS Marketplace.
Challenges Identified: Managing a large number of SaaS applications, complex procurement processes, and the need for specialized software in industry-specific workloads.
AWS Marketplace: A platform to simplify procurement and management of software, offering standardized agreements and a centralized hub for software management.
Lionsgate's Journey: Transition from physical to digital distribution, centralization of global content delivery, and the need to modernize their supply chain to keep up with the pace of sales and distribution.
Goals: Modernize supply chain, improve flexibility and user experience, streamline sales to servicing process, and reduce delivery time from order to customer.
Lessons Learned: Importance of financial planning, operational clarity, and organizational alignment. The proof of concept phase was crucial, supported by AWS Marketplace and AWS's financial and technical assistance.
Next Steps for Lionsgate: Continue to educate on production and archiving in the cloud, aiming for a centralized inventory and improved IP valuation.

Industry Trend: There is a significant shift towards cloud-based solutions for managing industry-specific workloads, with a focus on modernizing legacy systems.
AWS Marketplace Impact: AWS Marketplace is instrumental in reducing procurement time by 66% and onboarding new vendors by 75%, leading to a 550% ROI for customers.
Customer-Centric Approach: AWS's support system, including financial incentives and expert guidance, is tailored to assist customers in their transition to cloud-based solutions.
Build vs. Buy: Lionsgate's strategy highlights the importance of deciding between developing in-house solutions and purchasing external software to optimize control and efficiency.
Change Management: Lionsgate's experience underscores the necessity of internal alignment and stakeholder buy-in when undertaking significant technological transformations.
Continuous Improvement: The journey to cloud modernization is ongoing, with the need for constant evaluation, learning, and adaptation to new challenges and opportunities.