Nanoprecise cuts cloud infrastructure costs by 35% with OCI
The AI- and IoT-based predictive maintenance solution uses Oracle Cloud Infrastructure to lower costs and globally scale data.
Canada | High Technology
“Over the last couple of years our business has grown substantially, so we knew we needed a more scalable partner in cloud infrastructure. The flexible deployment options from OCI, coupled with their unmatched security and included support, meant that we could continue to grow and scale, but at a fraction of the cost.”
Nanoprecise provides a AI- and IoT-based predictive and prescriptive maintenance solution that drives mechanical and operational efficiencies that increase production uptime and safety. As customer demand grew, the Canada-based technology company faced rising cloud infrastructure costs and needed more flexible infrastructure deployment options to support their requirements. The company selected Oracle Cloud Infrastructure (OCI) for its affordable cost, global footprint, and ability to scale along with the company’s growth. OCI’s many services, such as Compute, Storage, and Data Transfer, helped reduce the company’s costs by 35%. Nanoprecise will also be running AI/ML modeling workloads, Oracle , cache, and blob storage on OCI. The significant cost reduction is a result of OCI allowing customers to independently choose OCPU and memory on the same instance, which avoids unnecessary overprovisioning that comes with predefined shapes.