Leading provider of business information services completes large-scale migration to AWS, driving innovation and adopting machine learning in all of its businesses
Amazon Web Services, Inc. (AWS), an Amazon.com, Inc. company (NASDAQ: AMZN), announced that Thomson Reuters, a leading global provider of business information services, has completed its large-scale migration to the AWS - an essential part of its digital transformation strategy -, enabling the company to innovate faster, develop and act based on new insights, becoming a more agile company in the cloud. As part of its move to the cloud, Thomson Reuters migrated thousands of servers and hundreds of applications that generate revenue for the business to AWS. Expanding its long-standing relationship with AWS, Thomson Reuters leverages the company's unmatched portfolio of cloud services, including analytics, database, containers, serverless, storage, machine learning and security to create new digital products for its customers and reveal greater insights in the sectors in which it operates.
Thomson Reuters provides highly specialized software and tools for legal, tax, accounting and compliance professionals, as well as Reuters global news service. In all of these sectors, its products and tools help professionals better understand their sectors, optimize operations, increase efficiency and reduce risks. In 2018, Thomson Reuters partnered with AWS Professional Services, AWS Managed Services (where AWS operates infrastructure on behalf of the customer) and AWS certified third-party experts from various consulting partners who provided hands-on experience, routine infrastructure management and cost optimization. The decision to use these AWS resources enabled Thomson Reuters to complete the migration five months ahead of schedule. Taking advantage of AWS Managed Services, the company transferred hundreds of critical legacy applications from its global business units to the cloud and quickly put them into production. To further optimize your migration, Thomson Reuters used the AWS Marketplace to access simplified software procurement services to quickly acquire and integrate your preferred third-party software into your AWS environment.
In addition, Thomson Reuters has developed an internal platform to apply machine learning at scale using Amazon SageMaker - the AWS service for creating, training and deploying machine learning models in the cloud and at the edge - to help developers and data scientists obtain quickly gain new insights into historical and real-time data in a fully managed and secure environment. The platform saves countless hours of coding for these professionals, providing all the components used for machine learning in a single set of tools. In this way, the models reach production faster, with much less effort and at a lower cost, enabling Thomson Reuters to offer new and intelligent solutions to its customers. Thomson Reuters uses Amazon SageMaker to automatically shut down GPU instances when a training job is completed and takes advantage of local Amazon Elastic Compute Cloud (Amazon EC2) instances - unused EC2 capacity available at a discount of up to 90% in comparison with on-demand prices - to reduce the cost of inference from the machine learning model.
"Thomson Reuters offers the intelligence, technology and experience our customers need to solve their most complex regulatory, legal and compliance challenges," comments Justin Wright, Vice President of Architecture and Development at Thomson Reuters. “We are leveraging AWS’s comprehensive suite of cloud services to develop new sophisticated products and services that will help our customers reinvent the way they work and operate effectively in complex areas. AWS is a trusted resource for us - especially AWS Managed Services and AWS Professional Services - a company that offers experience to accelerate our move to the cloud and helps you migrate data centers ahead of schedule. ”
“Thomson Reuters is using the cloud to place accurate data and information in the hands of legal, tax, accounting and news professionals to make important and timely decisions,” says Greg Pearson, Global Vice President, Sales, Commercial Sector at Amazon Web Services, Inc. “Leveraging the depth and breadth of AWS services, with the experience of AWS Managed Services, Thomson Reuters is able to eliminate the heavy lifting of managing infrastructure operations and focus on new ways to bring detailed information and digital solutions to provide new and relevant insights to customers around the world ”.
