Covelent

A Boutique Hedge Fund That Specialises In Delivering Risk-Adjusted Returns For Clients With Exposure To Digital Assets.BriefAs data drives their investment strategies, controlling overhead costs is crucial for the company. The Fund turned to Covelent for help in optimising their AWS bill and preparing for future growth.ChallengesTheir AWS bill represented a significant expense for the company, and as the scale of their data grew, they needed to ensure that their technical systems were scaling cost-effectively. Their tech team is spread across London, Singapore, and Lithuania, making collaboration and access to expert advice essential for controlling costs.SolutionsCovelent worked closely with the Fund’s global tech team to identify specific changes that could help reduce AWS costs.ResultsCovelent’s expertise helped the Fund optimise their AWS costs and set the stage for future growth. By implementing the recommended changes, they was able to save 20-26% on their AWS bill. In addition, Covelent’s guidance on infrastructure and tools enabled them to build more scalable and cost-effective systems. Working with Covelent also saved the Fund valuable time by preventing them from pursuing dead ends and enabling faster decision-making. The seamless communication with Covelent through Slack and accommodating calls across various time zones made the collaboration smooth and efficient. With Covelent’s help, the Fund is now better equipped to manage its AWS costs while continuing to scale its data-driven investment strategies and delivering risk-adjusted returns for its clients.MetricsANNUALISED SAVING - 20-26%REPORT DELIVERED IN - 20 daysIMPLEMENTED IN - 6 weeksGOVERNANCE UPTICK - 2x

BriefWith decentralised data, manual processes, and Excel as their primary reporting tool, the agency realised they needed a more holistic approach to data and analytics. This would not only address their current issues but also set them up for future success in maintaining their competitive edge.ChallengeThe estate agency’s data was decentralised, and they struggled with manual processes and data quality issues due to the increasing volume of data. Relying heavily on spreadsheets for decision-making, they were reaching the limits of Excel’s capabilities. To support their growth and stay ahead of the competition, the agency needed a robust data and analytics strategy.SolutionsTurning Knowledge into Strategy: Based on the assessment, Covelent created a customised analytics plan for the estate agency, detailing two aspects: A long-term roadmap, suggesting data storage, BI and ETL tools, and staffing needs to support their ideal solution. A short-term implementation plan to immediately begin implementing the recommended solution.ResultsArmed with a solid data strategy, the estate agency confidently tackled growth concerns and started implementing a more robust business intelligence solution. They initiated efforts to consolidate and standardise data sources and encouraged departments to prioritise and standardise their KPIs. The long-term plan enabled the agency to work more efficiently with their data and achieve lasting success with analytics. With the support of Covelent’s comprehensive data strategy, the estate agency is now well-prepared to manage their growing data needs, optimise their decision-making processes, and maintain their position as a leading player in the competitive real estate market.MetricsDATA CONSOLIDATION EFFICIENCY - 45%TIME SAVINGS - 60%DATA QUALITY IMPROVEMENT - 35%INCREASE IN DATA-DRIVEN DECISIONS - 2x