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Technology / Software

Financial Times reduces costs by 80% with Amazon’s RedShift service

The Financial Times says it has reduced costs by 80% and the time taken to run a query to just six seconds after deploying Amazon’s RedShift service.

The newspaper had been using an on-premise data warehousing system, which was preventing the organisation from leveraging the data that it collected.

"The system was inflexible; it had a limited feature set; it was spread out, making data analytics and warehousing time consuming and complicated for the IT team; and it was slow, and expensive," a spokesperson for the company said.

The FT, owned by Pearson, chose to implement Amazon Web Services’ cloud-based data warehousing service, Amazon Redshift, after it became available in 2013.

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The service has so far reduced query time from 27 seconds to just six and cost savings of 80%.

"The product provides a fast, fully managed, petabyte-scale data warehousing service that helps enterprise IT departments to automate labour intensive tasks," added the spokesperson.

"Use cases include, but are not limited to, setting up, operating and scaling a data warehouse cluster; capacity provision; cluster back up; as well as the ability to apply patches and upgrades easily."

Pearson’s IT budget is expected to hit £231m this year, of which £58m would be allocated to internal development and maintenance, £39m to hardware, £36m to software and £30m to IT services.

This article is from the CBROnline archive: some formatting and images may not be present.