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Commercial IT Migration to AWS Cloud: Alkermes Plc.

FalconRock-alkermes

Background

  • Alkermes is a global biopharmaceutical company dedicated to developing innovative medicines for psychiatric and neurological disorders. Founded in 1987, Alkermes leverages its deep expertise in neuroscience to create treatments for complex and difficult-to-treat conditions. As of 2024, Alkermes reported total revenues of approximately $1.56 billion with about 2,100 employees
  • The company’s integrated research strategy, sophisticated development capabilities, and specialized commercial infrastructure enable it to pursue the development and commercialization of new treatments effectively.

Challenges

  • Complex Environment: Managing a vast and intricate data environment with numerous databases and data feeds.
  • Scalability Issues: The existing infrastructure struggled to scale efficiently with growing data and user demands.
  • Cost Management: High operational costs associated with maintaining on-premises infrastructure.
  • Governance and Compliance: Ensuring data governance and compliance during and after migration.

Solution

Led implementing a comprehensive plan to address these challenges, including:

  • Assessment and Strategy: Leading the assessment of the current environment and developing a comprehensive strategy with options and recommendations for migration.
  • Roadmap and Architecture: Creating a detailed roadmap, enterprise reference architecture, and infrastructure/solution architecture for the migration.
  • Planning and Cost Estimates: Providing thorough planning and cost estimates for the migration process.
  • Collaboration: Partnering with infrastructure towers (Platform, Network, Database, and Information Security) to ensure a solid foundation for cloud deployments.
  • Cloud Governance and Adoption: Implementing cloud governance and business change management to facilitate smooth adoption.

Tangible Outcomes

  • Enhanced Scalability: The migration to AWS provided Alkermes with a scalable infrastructure capable of handling increased data and user demands.
  • Cost Efficiency: Significant reduction in operational costs due to the pay-as-you-go model of AWS.
  • Improved Performance: Enhanced performance and reliability of the Commercial Data Environment.
  • Governance and Compliance: Improved data governance and compliance with industry standards.
  • Strategic Alignment: The strategic plan aligned Alkermes’ IT organization with AWS Cloud readiness, ensuring future growth and innovation.