Total Economic Impact Study of the New Relic Platform for Cloud Migration & Optimization Shows Over 90% Savings in Deployment...
December 02 2019 - 6:55AM
Business Wire
AWS RE:INVENT – New Relic (NYSE: NEWR), the industry's
largest and most comprehensive cloud-based observability platform
built to help customers create more perfect software, announced
today a new commissioned Total Economic Impact™ study conducted by
Forrester Consulting finds customers leveraging the New Relic
platform are able to deploy applications to the cloud 90% faster
and reduce over 90% of the cost associated with deployment of
applications in cloud environments. Additionally, with the New
Relic Platform customers optimized their cloud instances, driving
cost savings of up to 50% in cloud expenditure. The December 2019
study, The Total Economic Impact™ Of The New Relic Cloud Adoption
Solution, found that a composite organization, based on multiple
customers and partner interviews, reduced code development time by
30%. The study concludes that the organizations that used New Relic
for cloud application migration and optimization achieved an
overall 191% ROI over three years with investment payback in less
than three months. Additional benefits include simplification of
the tech stack performance management with robust dashboards and
analytics capabilities providing visibility and context into the
health of their operations.
“The Total Economic Impact™ study from Forrester further
confirms New Relic’s impact on helping our customers gain the most
value out of their public cloud environments. The New Relic
platform helps customers gain a complete view of their entire
software estate to drive efficiencies and performance of their
digital business,” said Lew Cirne, CEO and founder of New
Relic.
“If you use New Relic during the migration process, expect to
pay less money in your current cloud environment because you can
see the workload and do appropriate sizing to make sure you land at
the right size,” said a representative from a US technology
consulting firm interviewed for this study.
The study found that participating customers realized over $7
million in total benefits after utilizing the New Relic platform
over three years. Participants also stated the following
benefits:
- Accelerated code deployment on the cloud: Deployments
are now daily or several times a day instead of monthly. The
deployment now takes minutes, not hours, and can be managed by a
small team, often just one person. By mapping application
dependencies before cloud migration, errors and outages are
avoided.
- Developers can now write cloud application code better and
faster: Time spent on application coding is reduced and fewer
internal resources are needed for application development.
- Developers and operations teams better understand the
end-users’ experience: If the cloud application was slow or not
meeting user’s expectations, New Relic’s tools made troubleshooting
easy by identifying the root cause of the problem.
- Mean time to resolution is reduced: Time spent debugging
cloud applications is now measured in minutes vs. days or weeks
before.
- The underlying public cloud application infrastructure is
now rightsized: Spending on public cloud infrastructure is
optimized and is now more efficient.
- Organizations realize the benefits of the public cloud
sooner: Application availability, reliability, and scalability
all improved in the public cloud. Data centers were closed, leading
to a reduction in costs. Fewer engineers were required to support
cloud applications as opposed to on-premise applications.
Forrester conducted four in-depth interviews with New Relic
customers and partners who utilize New Relic across various
industries. The insights gathered from these interviews were used
to develop a composite organization to analyze the benefits, costs,
and risks associated with implementing New Relic and quantify its
total economic impact. To read the full study, please visit
https://newrelic.com/tei-cas-19.
About New Relic
New Relic is the industry’s largest and most comprehensive
cloud-based observability platform built to help customers create
more perfect software. The world’s best software and DevOps teams
rely on New Relic to move faster, make better decisions and create
best-in-class digital experiences. If you run software, you need to
run New Relic. Learn why more than 50% of the Fortune 100 trust New
Relic to make the world’s software run at newrelic.com.
New Relic is a registered trademark of New Relic, Inc.
All product and company names herein may be trademarks of their
registered owners.
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version on businesswire.com: https://www.businesswire.com/news/home/20191202005311/en/
Media Contact Dina Milazzo New Relic, Inc. 408-772-8822
pr@newrelic.com
Investor Contact Tony Righetti New Relic, Inc.
503-336-9280 IR@newrelic.com
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